Volkswagen's (VW) ambitious foray into China's electric flying-car market has come to an abrupt end, as the German automaker has abandoned its project due to a combination of factors. Local rivals, including Chinese tech giant Geely, have reportedly surpassed VW in the development of flying cars, leaving the company struggling to keep pace. Additionally, VW has faced difficulties in navigating the complex web of intellectual property laws in China, with the company citing shifting IP risks as a major concern. This decision highlights the significant challenges foreign automakers face in China's rapidly changing and highly competitive automotive market.
VW abandoned its China flying-car project after falling behind local rivals, amid legal disputes and shifting IP risks, highlighting the challenges foreign automakers face in China's fast-evolving ...
