Volkswagen Falls to Third Place in China's Competitive Auto Market

Key Takeaways Volkswagen fell to third place in China after Geely passed it, extending its loss of market leadership.VWAGY's China JV market share fell to 10.9% as Geely grew to 11%, reshaping competitive rankings.Volkswagen is boosting localization, EV tech and China-made exports as foreign brands lose ground.Volkswagen AG (VWAGY) slipped to third place in China’s auto market last year after being surpassed by Geely Automobile Holdings Limited (GELHY) , marking another setback for the German carmaker in th ...