Luke Patey
@lukepatey.bsky.social
Senior researcher and author, 'How China Loses' & 'The New Kings of Crude'
Trade balances beware, corporate claims of 'in China, for China' are looking increasingly dubious. www.reuters.com/business/aut...
March 18, 2025 at 8:51 AM
Trade balances beware, corporate claims of 'in China, for China' are looking increasingly dubious. www.reuters.com/business/aut...
But VW is also making shrewd, billion dollar moves for new software & electrical architecture in the US. Its partner is EV tech-leader Rivian. With little Chinese competition in the US to speak of, the move might just work, & boost the attractiveness of its EVs overseas too.
December 17, 2024 at 9:46 AM
But VW is also making shrewd, billion dollar moves for new software & electrical architecture in the US. Its partner is EV tech-leader Rivian. With little Chinese competition in the US to speak of, the move might just work, & boost the attractiveness of its EVs overseas too.
In flurry of multi-billion investments in recent years (unlike most other foreign automakers) VW intends on challenging its domestic competitors by "becoming Chinese". Its core partnership is with Xpeng to develop new EV software & electrical architecture for the Chinese market.
December 17, 2024 at 9:46 AM
In flurry of multi-billion investments in recent years (unlike most other foreign automakers) VW intends on challenging its domestic competitors by "becoming Chinese". Its core partnership is with Xpeng to develop new EV software & electrical architecture for the Chinese market.
Last year, after four decades as market leader, VW lost its number one status in China. Once holding 50% of the market, VW's share has declined to 10%. 🇨🇳's BYD is now at the top. This year VW reported its 1st quarterly loss in equity income in China in over a decade & a half.
December 17, 2024 at 9:46 AM
Last year, after four decades as market leader, VW lost its number one status in China. Once holding 50% of the market, VW's share has declined to 10%. 🇨🇳's BYD is now at the top. This year VW reported its 1st quarterly loss in equity income in China in over a decade & a half.