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Volkswagen CEO Oliver Blume has praised China's dynamic environment for driving innovation and speed in the automotive industry. In a recent interview with CGTN, Blume highlighted how competition in China has been instrumental in enhancing Volkswagen's research and development processes.
"Competition is good for developing innovations," Blume said. "We are benefiting a lot from learning in China." He emphasized that the fast-paced nature of the Chinese market has pushed Volkswagen to accelerate its own advancements, particularly in areas like electric vehicles and digital technologies.
Blume pointed out that Volkswagen is adapting to "Chinese speed" to improve its efficiency and bring new ideas to the global market. By embracing this rapid innovation cycle, the company aims to stay at the forefront of the automotive industry.
China has become a crucial market for international carmakers, with its emphasis on new energy vehicles and technological advancements. Volkswagen's commitment to learning from the Chinese market reflects a broader trend of global companies seeking inspiration from the region's progress.
