BERLIN : Volkswagen's head of its business in China said on Tuesday that the carmaker needed clarity on cross-border data transfers in a meeting with the country's Premier Li Qiang, asking how China would cooperate with Europe amid rising political tensions.'As a globalized industry, the transformation o
BERLIN : Volkswagen's head of its business in China said on Tuesday that the carmaker needed clarity on cross-border data transfers in a meeting with the country's Premier Li Qiang, asking how China would cooperate with Europe amid rising political tensions.
"What are the major considerations of China, and how China will cooperate with Europe in this regard?" he added. It is also investing around 1 billion euros in a new development and procurement centre for electric vehicles in Hefei, China due to open in 2024, further ringfencing its technological development in the region.
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