The 8th China-German Automotive Conference kicked off in Munich, Germany on Tuesday, marking a significant event for industry leaders and innovators. Erwin Gabardi, CEO of Volkswagen (Anhui) Automotive, shared Volkswagen's ambitious plans to deepen its presence in the Chinese market.
In an exclusive interview with CMG, Gabardi revealed that Volkswagen is establishing a new research and development center in Hefei. This strategic move aims to shorten the company's development cycle by approximately 30%, enabling faster adaptation to the dynamic Chinese automotive landscape.
By localizing its R&D efforts, Volkswagen seeks to enhance its responsiveness to market demands and technological advancements specific to China. This initiative underscores the company's commitment to maintaining a competitive edge and fostering innovation within one of the world's largest automotive markets.
The conference serves as a platform for fostering collaboration between Chinese and German automotive sectors, driving forward advancements in technology, sustainability, and business practices. Volkswagen's proactive approach in China exemplifies the growing trend of global companies tailoring their strategies to meet regional demands, ensuring sustained growth and relevance in an ever-evolving global market.
Reference(s):
cgtn.com
