German Auto

Buying a BEV platform in China could be one of the "big bangs" needed for Volkswagen stock to break out of what can by now only be characterized as being largely ignored by many of the largest asset managers globally, Deutsche Bank said.

Audi seeks to take over the EV platform owned by IM Motors, with talks in an advanced stage, according to a Reuters report.

Audi is considering buying a platform from a competitor for the first time in China to shorten the development time of its models, according to German media outlet Automobilwoche.

SAIC-Volkswagen is offering discounts of up to RMB 42,000 for the ID.3, while FAW-Volkswagen's ID.6 CROZZ is priced at RMB 63,000 less than its website shows.

Volkswagen China and FAW-Volkswagen plan to jointly invest about 800 million yuan in charging station operator CAMS to accelerate the deployment of charging network in China.

The recall involves the locally produced i3 and iX3, as well as the imported i4, i7 and iX EVs.

The EQE SUV is priced at about half the price of the EQS SUV that Mercedes-Benz launched in China on February 21.

There have been no discussions between Volkswagen China and other companies about operating system licensing, local media quoted the German carmaker as saying.

Volkswagen is one of the top-selling car companies in China, but it is lagging behind local carmakers in the country's NEV market.

The purchase order involves LFP Unified Cell products with the same design style and specifications as those for the Chinese market for Volkswagen's full range of NEVs.