Volkswagen to export 300,000 vehicles from China by 2030

Volkswagen aims to export at least 300,000 vehicles manufactured in China annually by 2030. According to Malay Mail, the company also intends to export locally developed technologies to parts of Asia, the Middle East, and South America, though not to Europe for the time being.

Ralf Brandstatter, Volkswagen Group’s China head, stated during a trip to Hefei that these China-developed technologies are becoming a strategic advantage for the global setup of the group. The exported technology includes electronic architecture developed with Xpeng, as well as a platform and driver-assistance system produced with Horizon Robotics.

The company expects these innovations to help it overcome sluggish growth and intense competition in China and other markets. Malay Mail notes that the carmaker has been facing a crisis involving weak demand in key markets, a difficult electric transition, and competition from Chinese firms.

Brief written by urgent.news from Punch Nigeria, Malay Mail — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.