The Chinese car market has grown rapidly over the past 20 years, with Germany's VW group now selling every second car there. But as the fat years seem to be over, VW has made a risky bet on electric vehicles for growth.
They laconically call it the INDIA 2.0 project — on behalf of Germany's Volkswagen Group, Czech-based Skoda Auto is out to secure a stronger foothold on the subcontinent. Doing things locally is its prescribed recipe.
From diesel fraudster to pioneer of sustainable mobility: that's how German automotive giant Volkswagen wants to transform itself. The e-cars are also to be produced in a carbon-neutral way. How can this be achieved?
France and Germany have asked the EU executive to approve state subsidies for a cross-border battery cell consortium to curb Asia's market dominance. German analyst Marcel Weiss says the investment might not be worth it.
The car industry is going through profound change. Volkswagen appears to understand the scale of this better than most, and its collaboration with Microsoft is part of its attempt to rebrand itself for the future.
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