You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser.
Volkswagen's Zwickau EV plant in Germany faces possible closure
Volkswagen's Zwickau plant, the flagship of its electric car strategy, may shut down. Saxony's economy minister proposes building Chinese-brand cars to save 10,000 jobs.
Volkswagen's Zwickau EV plant wobbles: should it build Chinese cars?
The Zwickau plant in Saxony, which Volkswagen turned into the flagship of its transformation towards electric mobility, faces a closure that would leave 10,000 workers out of a job. The solution proposed by the state's economy minister, Dirk Panter, is unprecedented: that the factory build models from Chinese brands. The irony is so thick it hurts.
Those who designed VW's electric strategy assumed demand would trinc. It did not. Electric vehicle uptake has stalled in Europe and the Chinese giants, with unbeatable costs, dominate the market. Germany now finds itself pleading with those it once scorned, a shift that has sparked mockery and soul-searching in equal measure.
The debate looms over the group's Spanish plants. From Landaben to Pamplona, workers watch the Zwickau outcome as a warning. If Germany, the industrial locomotive, needs to turn to Chinese capital and technology, what can factories on the periphery expect? The tariff policy on Chinese products and the paradox of asking them to build plants here expose a strategic contradiction that no one in Brussels or Berlin has managed to resolve.
The question remains open: is Zwickau the beginning of the end for European carmaking, or a necessary correction to survive?
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (14 replies).
Germany recorded 84,057 electric car registrations in June, up 78%. What is behind the boom? Falling prices, Chinese competition and regulatory pressure.
The announcement of a military agreement between Russia and Cuba has been met with skepticism: with no operational fleet, the threat to Trump fades into propaganda.
A tweet attributes to a 9th-century manuscript a confession by ten rabbis who allegedly wrote the Quran. With no academic source, the claim circulates as a…
The demolition of foreigners' mansions on Mexican beaches reopens the debate over property rights, urban planning impunity and the standoff with the US.