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Volkswagen is trying to convince investors that it will regain its market share in China by 2026.
While the company faces model delays and software problems, new CEO Oliver Blum has launched a revamp, partnering with local electric car maker Xpeng Motors.
Investors’ negative sentiment toward the company has yet to dissipate, with the stock price falling 13%. Although some brokers gave it a “buy” rating, some analysts warned that Volkswagen’s future remains uncertain.
(Source: Bloomberg Image source: unsplash)
