Reuters reported exclusively that Volkswagen is in final talks to seal its largest investment deals with Chinese electric vehicle firms, as the German automaker accelerates its push into the worldâ€™s largest market for environmentally friendlier cars. The deals highlight how Volkswagen is keen to retain its status as the largest foreign automaker in China even as government virus-busting measures decimate sales, in the face of encroaching rivals such as Tesla Inc which last year became the first foreign automaker to wholly own a car plant.
Reuters exclusively reports Volkswagen in final talks to seal biggest M&A deals in China EV sector
27 May 2020, 12:00 am 1 minute
Type: Reuters Best