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Chinese Automakers Facing Volkswagen Pressure Could Offer Early EV Growth Exposure
Volkswagen’s plan to cut 100,000 jobs, close four German plants and trim more than €20b from its five year investment budget has pushed Chinese automotive manufacturers into sharper focus. Intensifying competition from Chinese car brands is a core reason for this restructuring, which puts fresh attention on companies based in China that build traditional and electric vehicles. For investors, this turning point in the global car market can mean both new opportunities and fresh risks. This...