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


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 Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.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


Today's Columnists

The no-confidence motion against Ranil will create further chaos

Friday, 23 March 2018

The Mahinda Rajapaksa-backed Joint Opposition yesterday submitted a no-confidence motion against Prime Minister Ranil Wickremesinghe

Making green cars greener: $15 b opportunity not to be missed

Friday, 23 March 2018

Fortunately for me,W.A. Wijewardena wrote an article on Dhammika Perera’s presentation at the Colombo School of Business and Management

Women’s bodies, masculinities and economic insecurities

Thursday, 22 March 2018

Cat’s Eye was deeply saddened to witness another wave of anti-Muslim violence, yet again, under a Government which promised to protect them from such violence. It was reported that the first round of violence in Ampara was sparked by a claim that

Strong brands can sustain shocks!

Thursday, 22 March 2018

The recent media highlighted the impact of communal violence on the tourism industry. The press conference earlier this week threw out a number as high as 10% whilst the actual cancellation was around 500 room nights around the Kandy vicinity was rep

Columnists More