China is set to power Volkswagen's new energy vehicle strategy

China will play a major role in Volkswagen AG's drive to lead the global auto industry's transformation towards electric and smart mobility, according to the German carmaker's top executive.

Herbert Diess, the group's chairman of the board of management, who is in Shanghai for the auto show, said China is shaping the world in terms of e-mobility, digitalization and autonomous driving.

"By recognizing China as the powerhouse of the automotive world, we will secure our future success," he said.