Volkswagen s head of its China business emphasized the need for clarity on cross-border data transfers during a meeting with China s Premier Li Qiang. The carmaker wants to understand how China will cooperate with Europe amidst rising political tensions. Volkswagen has established separate supply relationships for software in different regions and is investing around EUR 1 billion in a development and procurement center for electric vehicles in Hefei, China. The company is also concerned about the crowded market for electric, plug-in, and fuel cell vehicles, with many manufacturers slashing prices.
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