Exclusive-VW to exit Xinjiang operation; will sell plant, test tracks, sources say

By Yahoo! Finance   |   1 year ago
Exclusive-VW to exit Xinjiang operation; will sell plant, test tracks, sources say

Volkswagen is selling its plant in Xinjiang, China to a Shanghai government-owned buyer amid declining sales and competition. The move aims to distance itself from controversies in the region and focus on developing new electric models with Chinese partners.

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