Volkswagen brand CEO says exporting from China to Europe 'doesn't make sense' for now

Volkswagen AG

13/05/2026 09:53

BERLIN, May 13 (Reuters) - Exporting cars from China to Europe does not make sense for Volkswagen VOWG_p.DE currently because of the group's strong presence in the region but it is a possibility, the head of the auto group's core brands told an FT conference on Wednesday.

"At the moment, it doesn't make sense because we have a fantastic setup here with multiple brands and operations," Volkswagen brand CEO Thomas Schaefer said, while adding that Volkswagen could if it wanted to.

Asked whether Chinese partners would be interested in partnering with Volkswagen to use excess plant capacity in Germany, Schaefer said, "I don't have anybody knocking on the door."

 (Reporting by Rachel More; editing by Matthias Williams)

 ((rachel.more@thomsonreuters.com;))