BEIJING, Oct 29 — German car giant Volkswagen said it aims to export at least 300,000 vehicles made in China each year by 2030, as well as technologies it is developing in the country.
Europe’s biggest carmaker has been mired in crisis because of Chinese competition, weak demand in key markets and a choppy electric transition, and has launched a huge job-cutting drive.
“Together we plan to export at least 300,000 cars a year by 2030 but our ambition goes beyond exporting vehicles,” Volkswagen Group’s China head Ralf Brandstatter said Wednesday on a trip to Hefei in eastern China, where the firm has a big R&D centre.
Volkswagen said that for the first time it will also export technology developed in Hefei to other parts of Asia, the Middle East and South America, but not Europe for now.
