Volkswagen closes China plant as EV competition intensifies

Volkswagen has announced it will shut down its Nanjing manufacturing plant, operated as a joint venture with state automaker SAIC, in the back half of 2025. The development sees the end of 17 years of operations at a facility capable of producing 360,000 vehicles annually, as Western automakers reckon with steep competition from wholly-local competitors leaning into electric vehicles (EVs).