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The Reuters news agency reports that Chinese automakers are interested in German Volkswagen plants.
The plants in Dresden and Osnabrück could be closed in 2025 and 2027, respectively, which theoretically makes a takeover attractive.
Unions are demanding job guarantees, while China is calling for a fair investment environment.
Chinese automakers have signaled interest in two German Volkswagen production facilities that are expected to be closed, according to the Reuters news agency, citing insiders. According to the report, the plants in Dresden—which could be shut down in 2025—and Osnabrück—whose closure is being considered for 2027—are affected.
The companies in question are BYD, Leapmotor, and Chery Auto. A potential acquisition would allow them to strengthen their position in the German market and, above all, circumvent high EU tariffs on electric cars.
They would also benefit from the expertise of the German automotive industry. Nevertheless, according to Reuters, there are obstacles: Unions in Germany, which play a significant role in corporate decision-making, have already voiced criticism and are demanding job guarantees for the affected employees.
The government in Beijing, for its part, has simultaneously called for a fair investment environment from Germany. Germany recently identified its dependence on China as an economic risk factor and has tightened its policy toward Chinese investments.
Reuters also cited an insider who said that VW is open to selling the Osnabrück plant to a Chinese buyer. “We do not comment on ‘such speculation,’” the “Bild” quoted a company spokesperson as saying. The company is committed to continuing to operate the plant in Osnabrück. The goal must be a viable solution that takes into account the interests of both the company and its employees, the spokesperson said.
