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EV Market ‘Overheating,’ VW China CEO Says – Ward’s Auto

EV Market ‘Overheating,’ VW China CEO Says – Ward’s Auto

The CEO of the Volkswagen Group’s Chinese operations, Ralf Brandstätter, is warning of recent developments within the battery-electric-vehicle market, suggesting high capital investment and discounting “will ultimately harm the interests of consumers.”In an address at the 2023 China Automobile Forum hosted by the China Association of Automobile Manufacturers in Shanghai, Brandstätter says current trends within the BEV market cannot contribute to its long-term positive development. “There are more than 120 car makers within the (BEV) market, and about 150… 

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