Home / Special Report/ Volkswagen to spend heavily on China NEVs

Volkswagen to spend heavily on China NEVs


Comments / {{hitsCtrl.values.hits}} Views / Friday, 26 January 2018 00:00


Volkswagen will invest more than 10 billion euros along with its Chinese partners by 2025 to develop and manufacture new energy vehicles (NEVs) in China, Volkswagen Group China announced on Thursday.

In the next seven to eight years, Volkswagen will manufacture nearly 40 new models of NEVs in China, including more than 20 to be launched between 2020 and 2025.

By the end of 2020, its Audi brand will roll out two new all-electric SUVs in the Chinese market and the Volkswagen brand will also launch new NEVs developed based on existing gasoline models. NEVs include all-electric and plug-in hybrid vehicles.

China is leading the way to major breakthroughs in the global e-mobility market, and Volkswagen hopes to transform the future of transportation together with its Chinese partners, said Jochem Heizmann, CEO of Volkswagen Group China.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Maximum Residue Level: Dilemma of agricultural product exporters in Sri Lanka

Wednesday, 19 September 2018

Due to increased emphasis on consumer health, majority of developed countries such as EU, Japan and the US insist on MRL testing of food items which has to be done by the exporter. The Codex Alimentarius Commission which is an inter-governmental bod


East Container Terminal blunder: Learn from Chinese

Tuesday, 18 September 2018

Minister for Ports and Shipping Mahinda Samarasinghe informed the press in August that Cabinet has approved the development of East Container Terminal (ECT) of Colombo Port by the Ports Authority. According to approval: nPorts Authority would develop


President Sirisena, playing with fire, must take note that smoke will get into his eyes

Tuesday, 18 September 2018

Penchant for playing with fire President Gamaralalage Sirisena has always had a penchant for playing with fire. He did fire-play at the local government elections when he made a disastrous U-turn and went round country blasting the party and its lea


Response to claims that Sri Lanka was in a ‘debt trap’ in 2014 due to ‘Chinese loans’

Monday, 17 September 2018

Several Western analysts have carried out a relentless media campaign in keeping with their own geopolitical agenda, to suggest that China was luring Sri Lanka into a carefully engineered debt trap.


Columnists More