Volkswagen China CEO: Goal To More Than Double ID EV Sales This Year Looks "promising"

Volkswagen China CEO: Goal To More Than Double ID EV Sales This Year Looks “promising”

SHANGHAI/BEIJING (Reuters) -Volkswagen’s China chief said its goal of more than doubling its sales of ID electric vehicles (EV) “looks promising” this year as the German carmaker ramps up electrification efforts to retain the top position in its biggest market. VW is expecting to deliver 15,000 to 20,000 of the highly automated “intelligent design” cars…

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China's Economy Brakes Sharply In Q2, Global Risks Darken Outlook

China’s Economy Brakes Sharply In Q2, Global Risks Darken Outlook

BEIJING (Reuters) -China’s economic growth slowed sharply in the second quarter, highlighting the colossal toll on activity from widespread COVID lockdowns and pointing to persistent pressure over coming months from a darkening global outlook. Friday’s frail data adds to fears of a global recession as policymakers jack up interest rates to curb soaring inflation, heaping…

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