"Cake-Throwing Activists Disrupt VW Shareholder Meeting Over China Labor Concerns"

1 min read
Source: Electrek.co
"Cake-Throwing Activists Disrupt VW Shareholder Meeting Over China Labor Concerns"
Photo: Electrek.co
TL;DR Summary

Activists interrupted Volkswagen's annual general meeting, accusing the automaker of making climate-damaging decisions and using forced labor to build cars in China. Investors also raised concerns over VW losing ground in China to EV makers like BYD and Tesla. VW plans to create EVs designed for Chinese buyers by collaborating with local partners to win back market share. The market in China is quickly progressing toward being fully electric, with EVs accounting for one in every four vehicles sold in the region last year.

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