Volkswagen, Skoda considering exiting China market

Czech automaker Skoda Auto, which is owned by Volkswagen, is considering pulling out of the Chinese market and will make a final decision next year. Klaus Zellmer, the company’s chief executive, said, “The market is very competitive, so we will consider together with our joint venture partners how to proceed.” decision.” | Related reading (Sina Finance)

Yan Dong

For many auto brands, China is the largest and most important consumer market, and it is regarded as a “battlefield for military strategists” in the auto industry. Against this background, it is very unusual for Volkswagen Skoda to withdraw from China. However, those who are more familiar with its sales in China should have foreseen this ending. This year, the sales volume of Volkswagen Skoda in China is only more than 20,000 vehicles, which can be said to have fallen to the bottom. Even though it has the inherent impression of cheap mass, it has a lot of problems of its own, and the development of the electric vehicle market also has a certain squeeze effect on its market. It is really only a matter of time before it withdraws from China.

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