Posted inAutomotive

Volkswagen going all-in on China’s EV future

China’s electric vehicle (EV) market is a financial paradox like few others that multinational companies have encountered. EV growth is going gangbusters. Even amid a demand-killing pandemic and semiconductor shortages in 2021, sales surged 160%. Mainland EV makers sold roughly 3 million units domestically last year, up from 1.3 million in 2020. It means sales in China […]