Volkswagen's $3.5B gamble: Can it win back share in the competitive Chinese market

Volkswagen is investing heavily in China, its biggest market. The German automaker has opened a massive research center in Hefei. This move signals a shift to creating cars tailored for Chinese drivers. Volkswagen aims to compete with local brands like BYD and Geely. The company is adapting to China's rapid pace of innovation and the rise of electric vehicles.