Part 6/10:
Contrasting this success story, companies like Volkswagen and General Motors (GM) are floundering. Reports indicate that Volkswagen managed to sell only nine of its fully electric ID.7 in January in China, leading to questions about its viability in such a saturated market. GM, meanwhile, is facing a steep decline in its joint venture revenue, which has plummeted from a peak of $55 billion in 2018 to about $20 billion.