While China may be grabbing an increasingly large amount of market share from German engineering companies, home-grown Volkswagen is still making large sums from its operations in China, a fact most recently illustrated by Volkswagen’s plans to create a new brand low cost vehicle in China.
In an in interview this week, Karl-Thomas Neumann, VW’s head of China, confirmed plans to build small cars with one of its two Chinese partners that cost less than €8000 under a yet to be named brand.
The move adds to a growing trend of Western industrial companies trying to tap China’s vast market for affordable products.
您已閱讀36%（613字），剩余64%（1085字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。