That's a funny way to read the article. What it really says is that VW saw a big market in China, which is now dominated by local companies, so they're not gonna overproduce cars by building another factory. Also the free money river known as subsidies is drying out in the EU so people won't be buying that many EVs. And tesla/byd might be cheaper, but I wouldn't call them any better. That's a personal opinion of course.