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‘China’s car market has lost all reason’ – the country’s largest western carmaker refuses to compete in Tesla and BYD’s EV price war
fortune.com/2025/07/15/china-car-market-tesla-byd-price-war-volkswagen-audi-jetta
Once China’s dominant carmaker before being overtaken by fast-growing EV leader BYD, Volkswagen is now in a rebuilding year. VW Group China boss Ralf Brandstätter says he’s willing to sacrifice market share during the price war to protect the equity of his company’s car brands. Relief is…
This story appeared on fortune.com, 2025-07-15 12:04:09.