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Reuters exclusively reports Volkswagen in final talks to seal biggest M&A deals in China EV sector

Reuters exclusively reports Volkswagen in final talks to seal biggest M&A deals in China EV sector

Reuters reported exclusively that Volkswagen is in final talks to seal its largest investment deals with Chinese electric vehicle firms, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars. The deals highlight how Volkswagen is keen to retain its status as the largest foreign automaker in China even as government virus-busting measures decimate sales, in the face of encroaching rivals such as Tesla Inc which last year became the first foreign automaker to wholly own a car plant.