Global EditionASIA 中文双语Français
Business
Home / Business / Motoring

Volkswagen to spend heavily on China NEVs

Xinhua | Updated: 2017-11-29 12:11
Share
Share - WeChat

 

A Volkswagen Golf GTE is shown during a workshop prior to Auto Guangzhou in Guangzhou, November 16, 2017. [Photo/Agencies]

 

CHANGCHUN - 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.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE