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At the beginning of this month vw revealed the details of its electric vehicle roadmap in china during a presentation of what the carmaker calls the new brand design in guangzhou.
Vw electric car china. China has the largest new car market in the world although it has cooled somewhat of late and the most aggressive policies encouraging the adoption of electric cars. Success of the id 3 and its upcoming suv sibling the id 4 is vital to jumpstart volkswagen s electric car push the industry s. Robust china car sales give volkswagen a turbo boost. About half of vw s 6 2 million car sales were in china.
Volkswagen is converting two german plants hanover and zwickau to build electric vehicles and will retool other factories including plants in china. Volkswagen ag vowg p de plans to boost its electric push in china the world s biggest auto market by pumping 2 1 billion euros in two chinese electric vehicle players. Foshan which vw runs together with its joint. To reach its 300 000 plug in car target vw is planning to launch ten.
From 2025 around 1 5 million electric cars are to be delivered to customers each year. Volkswagen is spending 2 billion euros 2 2 billion to expand its presence in china s electric car industry in the biggest foreign investment announced since the country s economy began to.
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