One of the world’s largest automobile manufacturers Volkswagenin order to become strong again in the Chinese market, opened.
From giants based in Germany Volkswagen, As far as it was officially announced today, in order to strengthen its place in the Chinese market and continue to take a share from this market. It is investing 2.68 billion dollars in its center in Hefei.. With the previous investment of 700 million dollars in this center, Chinese Xpeng It is reported that two different cars will be developed together with the company. At this stage, the first vehicle produced jointly by Volkswagen and Xpeng is aimed to be put on the roads in 2026.the company will be fully operational in the country by 2030 It is among the information given that it plans to offer more than 30 BEVs. Within the scope of this investment, it is also currently on Chinese roads. It is also announced that there are more than 50 million VW Group vehicles.. Meanwhile, the giant company is not satisfied with just this, In partnership with Audi It also plans to work with SAIC. The company is aiming for more collaborations, including new vehicles co-developed with Audi and SAIC and a new electric car platform.
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In recent months, Volkswagen has “We must definitely tighten our belts” It came to the fore with its statement. CEO of Volkswagen Passenger Cars Thomas Schäfer, within the scope of an internal company meeting He told his managers that costs were too high and asked them to freeze spending, with a focus on saving billions. According to Autocar, Schäfer said during the meeting attended by more than 2 thousand executives:We are allowing costs to rise significantly in many areas” he said and about the bad financial indicators “The roof is on fire” he used the phrase.
In addition, Schäfer also plans for the company in the coming period. “very difficult” He also stated that it will pass. Coming to the producer To save up to 10 billion euros in three years Stating that they will create new programs aimed at Schäfer The CFO of the brand, that is, the financial officer, who made statements other than Patriarch Andreas Mayer whereas, “Things are not going well on the passenger vehicle side.” and stated that steps must be taken. As far as it is reported, the company, whose sales have slowed down considerably, especially in China, now has to sell much more vehicles, but there are now very big competitors in the automobile market, especially from China, and of course, other well-known brands are out of place.