The European Commission accepts the commitment from VW to produce pure electric cars in China at a promised price.

On February 10th, the European Commission announced that it had accepted Volkswagen's commitment on the pricing of pure electric vehicles for export. According to the decision, Volkswagen AG is allowed to export its CUPRA Tavascan model to the European Union at the lowest import price proposed by the company or higher, and will be exempt from the anti-subsidy tax previously levied on pure electric vehicles imported from China. Apart from selling at the lowest import price, Volkswagen also promises to limit the quantity of vehicles exported to the EU and invest in a series of key projects related to pure electric vehicles in the EU. These investments will have clear phased targets to support the EU industry strategy and help achieve the EU's climate transition goals.