Volkswagen’s high-stakes partnership with Chinese electric vehicle startup Xpeng to revive its struggling China operations appears to be faltering, raising concerns over the automaker’s ability to regain market share in the world’s largest vehicle market. Despite the collaboration, Volkswagen’s sales in China have continued to decline, leaving analysts questioning whether the strategy can deliver the expected turnaround. The setback underscores the challenges foreign automakers face in adapting to China’s rapidly evolving EV landscape. Industry observers now speculate on whether Volkswagen will need to pivot its approach or deepen its investment to avoid further losses.
Volkswagen bet on Xpeng to save its China business. It's not going to plan Reuters
