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China's 'ruinous' EV price war cannot last forever, says Volkswagen exec

Summary by Business Insider
Thomas Schäfer is CEO of the Volkswagen brand.Tristar Media/Getty ImagesVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says.Thomas Schäfer says VW wants to remain the biggest international automaker in the country.He made the comments in an interview with Welt Am Sonntag, BI's sister outlet.Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit ov…
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