Volkswagen Group CEO Diess: We need to push for broader cooperation in China

December 21 news, according to media reports, recently, in the annual "Global CEO Council" dialogue meeting held by video, Volkswagen Group CEO Herbert Diess said in his speech to strengthen cooperation with China.

"We need to push for broader cooperation in China with a more far-reaching impact, not the other way around," Dies said. ”

He added that "decoupling from China would do huge harm to either Germany or the EU." As a global company, we are committed to promoting the process of globalization and promoting the construction and interaction of a multilateral trading system. In the face of competition from the Chinese market, what we need to do is to keep up with the pace of innovation. The annual Global CEO Council Dialogue, organized by the Chinese government and communicating with CEOs around the world, provides us with a unique and valuable platform for communication, and highlights China's important leading role in current and future technological innovation. ”

Diess said many facts are proving China's growing importance. This year, China's auto market as a whole grew slightly by 4.4 percent. Affected by the chip shortage, our market share declined slightly. But after optimizing the sales model, good results were still achieved.

According to Volkswagen's sales data released on December 12, from January to November this year, Volkswagen's cumulative sales worldwide were 8.1688 million units, down 1.7% year-on-year.

At present, the global chip delivery is still under great pressure. Research by market analyst Susquehanna Financial Group shows that the average delivery cycle for chips in November (i.e., the time interval between chips from order to delivery) increased by 4 days from October to about 22.3 weeks, the longest delivery cycle since the company began tracking chip delivery data in 2017. Analysts at the company also said that "supply pressure will continue until 2022" for many chip products.