HONG KONG, Aug 23 (Reuters Breakingviews) - Volkswagen’s (VOWG_p.DE) China shortcut sets a tricky roadmap for its western rivals.
An increasingly competitive Chinese market means others may also need to plot a new route.
VW’s western peers may feel they do not need to follow in its tracks.
Second, VW’s Xpeng deal highlights how companies need to adapt quickly to stay relevant in China.
Both partnerships will see the companies jointly develop intelligent, connected electric vehicles for the Chinese market.
Persons:
China’s, that’s, Bernstein, Alix, Elon Musk’s, VW’s, Auto, Neil Unmack, Pranav Kiran, Thomas Shum
Organizations:
Reuters, HK, FAW, SAIC, VW, BMW, upstarts, Alix Partners, Elon, Mercedes, Benz, Nissan, General Motors, Honda, Toyota, Volkswagen, Volkswagen’s Audi, Zhejiang Leapmotor Technology, Jetta, Thomson
Locations:
HONG KONG, China, Xpeng, Kingdom, Shanghai, Hong Kong, Zhejiang