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Volkswagen begins exporting China-made cars to new markets

Volkswagen has begun exporting vehicles from China to the Middle East and Southeast Asia, with plans to expand to Africa and South America. CEO Oliver Blume described leveraging China-developed products as key to reaching markets less efficiently served from Europe. The move comes as Volkswagen restructures amid competition from domestic EV makers like BYD. Annual deliveries in China have fallen from over 4 million pre-pandemic to about 2.7 million last year. Porsche has been especially impacted, with the premium segment contracting by around 80%. Volkswagen aims to launch 20 new electrified models in China this year and increase its market share from 11% to 15% by 2030.

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