Part 3/8:
Historically, Volkswagen has been a symbol of German automotive excellence. Yet, it faces declining demand due to both global economic pressures and shifts towards sustainable technologies. The latest reports indicate that Volkswagen planned reductions in production capacity amid fears of market instability. This situation creates a ripe environment for Chinese automotive companies, who see a chance to enter a weakening market dominated by manufacturers struggling with high costs and necessary adaptations to meet green technology standards.