VW CEO Diess Is Optimistic on Second Half Sales in China

Herbert Diess expresses optimism about China's car market, highlighting its role in advancing electric and connected cars due to governmental policies and societal demand. He discusses Volkswagen's strong market presence and partnerships in China, including joint ventures with FAW and JC. Diess also explores potential collaborations with Ford to enhance competitiveness. Despite recent sales declines, he remains hopeful for market recovery, citing economic conditions and potential policy changes.

What factors are driving the electric vehicle market in China according to Herbert Diess?

• Governmental policies and societal demand

• Low production costs

• High fuel prices

• Lack of competition

Which company is mentioned as a long-standing partner of Herbert Diess's company in China?

• Toyota

• FAW

• Tesla

• Nissan

What is the strategic shift mentioned by Herbert Diess regarding technology and production?

• Using Chinese technology and economies of scale

• Reducing production in China

• Focusing solely on European technology

• Outsourcing to other Asian countries

What is Herbert Diess's outlook on the Chinese auto market for the second half of the year?

• Pessimistic due to ongoing challenges

• Neutral with no significant changes expected

• Concerned about increasing competition

• Optimistic due to potential recovery

What external factor does Herbert Diess hope will positively impact the Chinese auto market?

• US-China negotiations

• Rising fuel prices

• Increased tariffs

• New environmental regulations