Volkswagen vehicle deliveries fell 1.4 % year-on-year in 2024, the German carmaker said on Thursday, dragged down by fierce competition in China. In China, VW's most important market, sales plunged by 8.
The Volkswagen brand's global deliveries fell 1.4% to 4.8 million vehicles in 2024, with battery-electric sales down around 2.5%, Europe's top carmaker said on Thursday.
Volkswagen and Xpeng Motors are opening their fast-charging networks to each other’s customers, announcing Monday that their electric vehicle owners would
This year has been troubling for almost all foreign carmakers in that country, which boasts the world’s largest car market.
Volkswagen has ramped up its focus on China via an investment in Xpeng and an aggressive electric vehicle launch schedule.
Volkswagen Group China and XPeng have signed a memorandum of understanding (MoU) to establish one of China's “largest super-fast” charging networks. This collaboration will leverage the technological expertise of both companies to provide an extensive charging infrastructure for electric vehicles (EVs) across China.
Despite maintaining a leading export position, market pressures and tariffs could hinder overall growth to just 10% this year.
The outgoing Biden Administration will impose new bans in the United States on Chinese automotive software and hardware starting next week.
The ailing German brand, facing plant closures at home and declining sales of its once vaunted EVs, hopes the ID. Buzz can revitalize consumer interest.
China’s new energy vehicle (NEV) market raced ahead last year, fueled by government subsidies and evolving consumer preferences, underlining the nation’s commitment to green mobility. However, challenges such as an ongoing price war,