Key facts: Volkswagen drops to third in China; CUPRA Tavascan gains EU approval
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Volkswagen has fallen to third in China, trailing BYD and Geely. The company is investing in Xpeng to create a new EV platform for faster, cheaper production by 2030.1Volkswagen's CUPRA brand received EU approval for its Cupra Tavascan, exempting it from duties on electric vehicle imports from China, with an annual quota and minimum price.2
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