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BRICS: China Interested in Buying Volkswagen, German Cars

  • Chinese officials and automakers are interested in acquiring Volkswagen's factories in Germany, as reported by a person with knowledge of Chinese government thinking.
  • The acquisition could allow China to avoid EU tariffs on electric vehicles, posing a threat to European manufacturers' competitiveness.
  • Volkswagen's factories symbolize Germany's industrial strength, with plans to idle two plants through 2027 impacting over 2,500 workers.
  • A spokesperson for the ministry stated that China hopes for a fair business environment for its firms to invest in Germany.
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