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WSJ Tech News Briefing

TNB Tech Minute: Volkswagen and Chinese Partner SAIC to Close Nanjing Plant

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 11 July 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Autodesk looks to acquire rival software firm PTC, which analysts say should position the company better as artificial intelligence becomes more common in design. And, Bitcoin's bull run continues. Julie Chang hosts. Programming note: Starting this week, Tech News Briefing episodes will be released on Tuesdays and Fridays, and the TNB Tech Minute will be released twice on weekdays, in the morning and afternoon. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

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0:02.0

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0:09.0

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0:19.0

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0:22.3

Get the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.

0:26.8

Get Tony Hawk's Pro Skater 3 and 4 available now.

0:31.2

Here's your morning TNB Tech Minute for Friday, July 11th.

0:35.5

I'm Julie Chang for the Wall Street Journal.

0:40.0

Volkswagen and its Chinese partner, Syke, will close their joint manufacturing plant in Nanjing China. The move is part of a

0:46.6

restructuring plan focused on producing electric, intelligent, connected vehicles known as ICVs.

0:53.3

A spokesperson for the German automaker said production at the

0:56.3

Nanjing plant has already stopped. Volkswagen's investment in ICVs in China is part of its

1:01.9

in China for China strategy, which seeks to produce vehicles tailored to Chinese customers.

1:07.7

Plus, Autodesk is looking into acquiring rival software firm PTC.

1:12.9

Oppenheimer analysts said in a note that if it happens, the move should position the company

1:17.4

better as artificial intelligence becomes more common in design.

1:20.9

They said such a deal would add product lifecycle management software to Autodesk's portfolio,

1:26.3

which the company could cross-sell into

1:28.1

its large install base. And Bitcoin's bull run continues. The cryptocurrency rose over $118,000

1:36.3

today, according to CoinDesk data. That's a new intraday high for a third straight day. A range of

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