German Trio Surrenders: How BMW, Mercedes, and Volkswagen Abandoned China’s EV Hybrid Strategy
BMW, Mercedes-Benz, and Volkswagen are pulling out of their joint ventures in China, ending decades of manufacturing partnerships in the world’s largest car market. The move, confirmed by company statements this week, reflects growing tensions between European automakers and Beijing’s industrial policies, while also signaling a strategic pivot toward independent production in key markets. According … Read more