According to CoinMeta, due to declining profits, Volkswagen is re-evaluating its investment plans for its factories in Germany and has decided to cancel a large-scale advanced manufacturing project originally planned to be implemented at its Wolfsburg headquarters factory. Volkswagen stated that, given the company's tight financial situation, it will no longer pursue the so-called “gamechanger” manufacturing philosophy as previously planned in Wolfsburg. However, the company will continue to develop the next-generation electric vehicle platform as well as new models including the planned launch of electric SUV ID and ROC. This decision indicates that the financial pressure faced by Volkswagen is rapidly affecting its long-term investment decisions. The group's overall profitability continues to deteriorate, and management is currently pushing a cost-cutting plan of about 31 billion euros (approximately 34.52 billion US dollars), while still needing to invest in new electric vehicles, software, and factories.