VW CEO Oliver Blume called China “a kind of fitness center” for training. The country’s successes in the field of high automotive technology can be adopted, Blum is sure: for example, developments in the field of batteries and autonomous driving would be useful in Germany, where car sales are declining.
China is developing new technologies “pragmatically and cost-effectively, with a high level of creativity and great speed,” Blum noted, advising the Germans to adopt this approach.
“China has developed a competitive automobile industry in a short period of time. This is now a kind of fitness center for us,” he said.
Volkswagen and SAIC announced new joint models New Volkswagen T-Roc: first images Volkswagen spoke about a drop in sales in 2024
There is no need to completely protect yourself from the Chinese invasion with the help of high duties, the head of VW believes. Tariff arrangements must be reasonable and can be combined with investment incentives.
It is worth noting that a week ago, insiders reported that Volkswagen was ready to negotiate with the Chinese regarding the sale of the plant in Osnabrück. According to them, the German giant is open to proposals. In 2027, the conveyor will stop when the last T-Roc Cabrio rolls off it. Volkswagen has no other plans for the plant.
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