German automotive giant Volkswagen (VW) is expecting the next two years in the highly competitive Chinese car market to be difficult. “In April, we saw another round of price reductions coming, so this fierce competition will hold on for the next few years,” VW board member Ralf Brandstätter said in Beijing ahead of a major upcoming motor show due to open next week. Many manufacturers of purely electric cars have significantly damaged their profit margins in recent years, he said, “so this leads to a consolidation of the market.” He suggested that companies with lower sales volumes, below 100,…