News & Insights Across Asia
Volkswagen is intensifying its localization efforts in China by establishing a new R&D center in Hefei, aiming to shorten development cycles by 30% and keep pace with the dynamic Chinese market.
China’s new energy vehicle penetration reached 51.1% in July, surpassing fuel cars for the first time, marking a historic shift in the automotive industry.
China’s electric vehicle market is booming, challenging claims of excess capacity. Surging demand and fierce competition illustrate the country’s dynamic economic growth.
German entrepreneurs Jiang Xiaohua and Christopher Praetzas are building their automotive start-up in Taicang, tapping into China’s booming auto industry and supportive business environment.