Volkswagen bet on Xpeng to save its China business, it's not going to plan
Volkswagen's partnership with Xpeng, initiated in 2023 to revitalize its struggling Chinese business, has not yielded expected results. The ID. UNYX 08 electric SUV averaged only 267 monthly sales since its April launch, far below the targeted 3,622. This reflects Volkswagen's ongoing challenges in a market that now contributes just 10% to its profits, down from nearly 50%.