Volkswagen's Global Expansion and Competition

Germany = Provided vehicles China = Easier market entry outside of China United States = Changed perception of electric vehicles to luxury Japan = Faced challenges with electric vehicles

1978 = China emerged from isolation 2001 = Initiated research and development projects for battery-EVs 2008 = Wan Gang became China's minister of Science and Technology 2015 = Entire supply chain for electric vehicles emerged

Tesla's entry into Chinese market = Raised quality standards Introduction of consumer subsidies for EVs = Connected companies to taxi fleets and government deals Software challenges faced by traditional carmakers = Due to battery costs and software issues Volkswagen's joint venture with Shanghai Volkswagen Automotive Company in 1984 = Dominating the Chinese market

<p>Battery-EVs = Electric vehicles powered by batteries Fuel-cells = Devices that convert chemical energy into electrical energy Hybrid vehicles = Vehicles using a combination of internal combustion engine and electric propulsion system General-purpose programming = Programming language suitable for various applications</p> Signup and view all the answers

<p>Volkswagen = Investing in Chinese tech with joint ventures BYD = Offering advanced software features for electric vehicles Toyota = Experiencing losses due to software issues XPENG = Collaborating with Chinese software maker Thundersoft</p> Signup and view all the answers

<p>Remote updates = Chinese tech companies Selfie-cameras and karaoke = BYD Digital connectivity focus = Chinese carmakers Lower prices in August = Volkswagen</p> Signup and view all the answers

<p>Surprised by Chinese automakers' success = Western automakers Experiencing significant losses = Japanese carmakers Teaching a lesson about not resting on past accomplishments = BYD Struggling in the Chinese market = Toyota</p> Signup and view all the answers

<p>Crowded Chinese market pushing domestic carmakers to look globally = Global consumer preferences influenced by Chinese consumer trends Chinese carmakers unveiling models for the European market = Digitally connected cars desired globally Volkswagen losing market share in China despite lower prices = Customers buying fewer non-electric models Japanese carmakers facing losses due to software issues = Chinese consumers prioritizing software quality over powerful engines</p> Signup and view all the answers

<p>Investing in Chinese tech with new joint ventures = Volkswagen Overtaking Volkswagen as number one brand in China = BYD Betting on digitally connected cars being desired globally = BYD Setting up new joint ventures with Chinese software maker Thundersoft and XPENG = Volkswagen</p> Signup and view all the answers

<p>Developing two new models by 2026 = Volkswagen and XPENG BYD unveiling five new models for the European market at an auto show in Munich = BYD Lower overall market share despite increased sales in August = Volkswagen Growing global influence of Chinese consumer preferences = Chinese carmakers</p> Signup and view all the answers