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Volkswagen: towards factory closures in China in the face of a decline in sales of internal combustion vehicles
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Volkswagen is facing a drop in demand for combustion vehicles in China, which is causing the closure of several factories, including the one in Nanjing. The transition to electric vehicles is disrupting the industry, pushing the group to adapt its infrastructures, with underused production for combustion cars. In response, Volkswagen is reorienting its strategy in China, by transforming some factories to produce electric vehicles. A decline that…
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