Volkswagen AG showcases its EV technology at the China International Import Expo in November 2023. [Photo by Li Fusheng/chinadaily.com.cn] Volkswagen AG said on Wednesday it is codeveloping an electrical/electronic architecture with Chinese startup Xpeng in an effort to improve its competitive edge in China’s heated EV market. The architecture, which will be available in 2026, … Continue reading VW partners with Xpeng to develop EV architecture
Tag: volkswagen
VW to grow China sales to 4 million units in 2030
A Volkswagen charging station is displayed at the Shanghai auto show on April 18, 2023. [Photo provided to chinadaily.com.cn] Volkswagen AG expects to scale up its sales to 4 million units in 2030 in China, which CEO Oliver Blume said is the German carmaker’s “second home market”. The 2030 sales goal, which was announced on … Continue reading VW to grow China sales to 4 million units in 2030
Volkswagen speeds up investment in electric vehicles in China
An aerial photo taken on Aug 20, 2023 shows a view of Volkswagen (Anhui) Automotive Company Limited in Hefei, East China’s Anhui province. [Xinhua/Guo Chen] TIANJIN — In the face of China’s rapid growth of electric mobility, Volkswagen Group is revving up its investment in the electrification shift in a bid to expand its presence … Continue reading Volkswagen speeds up investment in electric vehicles in China
Volkswagen invests 2.5 billion euros to expand innovation hub in China
A Volkswagen car is on display during an expo in Shanghai. [FAN JIANLEI/FOR CHINA DAILY] HEFEI – Volkswagen Group China on Thursday announced that it will invest 2.5 billion euros ($2.68 billion) in the expansion of its innovation hub in Hefei, the capital of East China’s Anhui province, to increase its pace of innovation in … Continue reading Volkswagen invests 2.5 billion euros to expand innovation hub in China
Volkswagen sees strong growth of cars delivery in China: FT
A Volkswagen car is on display during an expo in Shanghai. [FAN JIANLEI/FOR CHINA DAILY] BRUSSELS – German carmaker Volkswagen recorded an unexpectedly strong growth in its deliveries of electric and combustion engine cars in China in the first quarter, against a sharp drop for electric vehicles (EV) in Europe, reported Financial Times. The deliveries … Continue reading Volkswagen sees strong growth of cars delivery in China: FT
VW to invest $2.67b for expansion of Hefei hub
Volkswagen showcases the ID.3 at the Chengdu auto show in August. LI FUSHENG/CHINA DAILY Volkswagen is investing 2.5 billion euros ($2.67 billion) in China as the German car group celebrates its 40th anniversary in the world’s largest vehicle market. The investment will be spent on expanding its production and innovation hub in Hefei, Anhui province, … Continue reading VW to invest $2.67b for expansion of Hefei hub