Volkswagen Group, a pioneer in China's automotive sector since 1984, faces new challenges and opportunities in the world's largest electric vehicle (EV) market. At the 2023 China International Import Expo in Shanghai, CEO Oliver Blume emphasized the company's dual approach to maintaining relevance: "Strong competitors make us stronger, while great partners help us go further."
Navigating China's EV Landscape
Blume acknowledged the "remarkable speed" of China's EV development during his interview with CGTN's Wang Tianyu, noting that Volkswagen now operates 40 production sites and partners with 4,000 suppliers across the Chinese mainland. The automaker recently unveiled its China-specific EV platform (CMP) and plans to launch 30 new electric models by 2030.
Future-Proofing Mobility
The CEO highlighted Volkswagen's joint ventures with SAIC Motor and FAW Group as key to adapting smart-car technologies, while its new $700 million R&D center in Hefei focuses on autonomous driving and connectivity. "Our 50,000 employees here aren't just serving China," Blume stated, "they're shaping mobility solutions for emerging markets worldwide."
