Volkswagen has failed to win ground from key rivals such as Tesla and BYD in China, despite spending €5bn last year to defend its position in the world’s biggest car market.
The company, which also owns brands including Audi and Porsche, said on Tuesday that its sales in China rose 1.6 per cent last year. That compared to 5.6 per cent overall growth in the market reported by the China Passenger Car Association.
In the critical electric vehicle segment, VW recorded 23 per cent growth, compared with 36 per cent across China’s EV market.
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