China

VW, Porsche sales fall as Chinese consumers embrace local EVs

VW IDCode concept
A VW IDCode concept in Beijing on April 24, 2024. Volkswagen plans sales of a new electric-vehicle brand in China, equipped with gadgets like an in-car avatar, to help win back young buyers it has lost to the likes of BYD Co. (BLOOMBERG)
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By:
MONICA RAYMUNT
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By:
Bloomberg
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October 11, 2024 03:11 PM

Volkswagen’s China sales slid 15 percent in the third quarter as Germany’s biggest carmaker continued to lose ground in key markets in the shift to electric vehicles.

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