Volkswagen faces mounting pressure from Tesla and BYD
Teslarati
SEPTEMBER 15, 2023
During the pandemic, Volkswagen fell behind in the Chinese auto market as companies like BYD, Nio, and Tesla took over, with the competition nearly doubling the market’s EV and hybrid offerings (via Bloomberg ). Foreign Minister Annalena Baerbock highlighted the urgency of the situation at the Münich Car Show last week.
Let's personalize your content