Volkswagen bet on Xpeng to save its China business, it's not going to plan
One former Volkswagen figure compared its predicament to that faced by Nokia, Kodak and BlackBerry: The automaker's leadership assumed its brands would endure, even as the market shifted toward Chinese competitors with superior technology and faster innovation cycles.
https://auto.economictimes.indiatimes.com/news/passenger-vehicle/volkswagen-bet-on-xpeng-to-save-its-china-business-its-not-going-to-plan/135064728Open linkView original on lemmy.ca
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If you bet on China, it's never going to plan.