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Volkswagen and Porsche face declining sales, stiff competition in China’s EV market

Cs news6 months ago07 mins

By: Bloomberg | Updated on: 12 Oct 2024, 09:38 AM Volkswagen AG sales in China fell 15 per cent in the third quarter as the biggest carmaker in Germany continued to lose ground in key markets with the … Volkswagen AG sales in China fell 15 per cent in the third quarter as the biggest…

Despite global EV slowdown, China’s car industry refuses to put on handbrake

Cs news6 months ago015 mins

Global demand for electric vehicles (EVs) has cooled in recent months after a dramatic rise over the last decade, leading several major car manufacturers to scale back electrification plans. Despite a slowing domestic economy, China is steaming ahead with its own transition to EVs. And while legacy Western automakers seem to have hit a speed…