VW CEO Thomas Shefer described it as a “high -quality, affordable” electric car in Europe for the upcoming model in Europe. Experts say that this can be an important step in the fight against China’s dominance in the affordable electric vehicle market.
But Volkswagen faces problems. The company plans to reduce 35,000 jobs by 2030 due to slowing down the demand for EV in Europe and strong competition from Chinese brands. According to RHO Motion analysts, in 2024, home sales in Europe fell by 3% and became 3 million cars.
Source: Ferra
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