Volkswagen considers joint venture with Chinese automaker in Germany

According to reports, Volkswagen is exploring the possibility of setting up a joint venture in Germany with a Chinese automaker. For the first time since September 2023, Volkswagen Group announced that it was considering closing its domestic car factories in Germany and was looking for alternative uses for the Dresden and Osnabrück plants to reduce the cost of its operations in Germany. Volkswagen is seeking another solution, which is to set up a joint venture in Germany with a Chinese automaker. The company can also benefit from the expertise of Chinese electric vehicles, while Chinese manufacturers do not have to pay special EU tariffs. It is not clear which Chinese automaker Volkswagen intends to cooperate with, but if the "Stellantis+Zero Run" model is referred to, choosing Xiaopeng Motors may be a high probability event, because Volkswagen is also one of Xiaopeng's shareholders.