China continues to be an essential market for numerous non-Chinese automakers, with various firms such as Audi producing cars domestically and subsequently bringing them back to Europe.
Volkswagen is willing to permit Chinese automakers to assume control of its surplus production lines in Europe, as it struggles with declining demand and increasing competition from those very companies targeting its plants.
In another interview, David Powels, the financial chief at the VW brand, also did not dismiss the possibility of Chinese automakers acquiring unused production lines at the company's German factories.
The remarks arrive as traditional European automakers hurry to transition to electric vehicles, a sector where Chinese companies like BYD are creating what are viewed as more advanced technology vehicles, aided by subsidies from the Chinese government and a reduced cost structure.
For many years, China was VW's most lucrative market; however, in the last five years, the market share of its flagship brand has almost been cut in two due to its poor standing in the swiftly expanding battery-operated vehicle sector.
Executives at Audi and VW's namesake main brand informed the Financial Times that collaborating with Chinese electric vehicle manufacturers, who aim to grow their presence in Europe, was one approach to tackle falling sales in the area.
Last month, VW came to a deal with employees at its main brand to reduce production capacity throughout Germany, preventing a more severe strategy that would have required shutting down at least three factories in the nation.