Volkswagen has stated it can make an electric vehicle entirely in China for half the cost of doing it elsewhere, and plans to release about 30 EV models in China over five years betting on localized R&D—representing a broader 'innovate in China for China' model in which European companies move their smartest work to China and hollow out their home economies.
causalpending
Speaker
James KingEvidence Quote
“Volkswagen... can make an electric vehicle entirely in China for half the cost of doing it elsewhere... innovate in China for China and for the outside world model [11:31]”
Source
How Much BIGGER Can China’s Trade Surplus Get? | China Decode— The Prof G Pod – Scott GallowayCreated: 6/18/2026, 1:57:55 PM
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