A Volkswagen joint venture in China will reportedly purchase green car credits from Tesla to help it meet its local environmental rules, according to Reuters. “The deal, the first of its kind to be reported between the two companies in China, highlights the scale of the task Volkswagen faces in transforming its huge petrol car-making business into a leader in electric vehicles to rival Tesla.” The German OEM is still heavily reliant on traditional combustion-engine vehicles, said Reuters. (Source: Reuters) Read the original story.
