VW China CEO Sees 20% Drop in Chinese Passenger Car Market by 2026

Volkswagen China CEO Ralf Brandstaetter projects a 20% decline in China's passenger car market by 2026, citing persistent contraction and margin pressure. Domestic sales have fallen for 11 consecutive months, though exports remain robust. The forecast signals deepening structural weakness in the world's largest auto market, with implications for global automakers and supply chains.