It’s easier to develop a new car in Communist China than in ossified Germany, where VW is cutting 35,000 jobs over the next five years. From Tyler Durden at zerohedge.com:
Volkswagen says it can build an electric car entirely in China at roughly half the cost of producing one in Germany, helped by quicker development, lower labor expenses, easier battery sourcing and a more efficient supply chain, according to FT.
After heavy investment in its new R&D base in Hefei, which includes more than 100 labs for software, hardware and powertrain testing, the company says it can now validate software, hardware and full vehicles at the same time.
According to VW’s China technology chief Thomas Ulbrich, the facility gives engineering teams “an entirely new level of integration,” allowing them to shorten decision cycles and speed up innovation. VW says the development timeline for new Chinese EVs is about 30 per cent shorter than the traditional 50-month process.
FT writes that the carmaker intends to introduce around 30 EV models in China over the next five years as it tries to regain momentum in the world’s largest auto market, where competition from domestic EV makers has eroded its earlier dominance.
Adolf and Ferdinand Porsche came up with people’s car.
It had 37mm conversion kit.
Hecho en China?
Nein, nein, nein!