Volkswagen’s China venture with SAIC Motor has started constructing a $2.5 billion new energy vehicle (NEV) plant in Shanghai, that will make automaker’s luxury Audi brand cars, a potential first for the venture. The new plant is a major step for Audi to diversify production of its cars in the world’s largest auto market from
Volkswagen trumpeted a good start to this year at the Beijing auto show on Tuesday and described spending plans for electric vehicle and autonomous driving ventures in the country. The German automaker, undergoing far-reaching reform is on its way to track for profitable growth in 2018, new CEO Herbert Diess stated. “We had a very
Volkswagen’s Chinese joint venture FAW-Volkswagen is going to recall 430,388 vehicles from March 1 for issue with dashboard, China’s quality watchdog, The General Administration of Quality Supervision, Inspection and Quarantine, stated on its website on Wednesday.
Volkswagen Group stated it prepares to spend 10 billion euros ($11.8 billion) by 2025 to develop and produce all-electric and plug-in hybrid automobiles as it seeks to abide by upcoming strict rules in China. The group, that includes Volkswagen and Audi, plans to release 15 of the so-called new energy vehicles (NEV) models over the
Volkswagen and Anhui Jianghuai Automobile (JAC Motor) have gotten approval from Chinese regulators to form a joint venture to develop electric vehicles, the two companies stated on Monday. The National Development and Reform Commission (NDRC), China’s leading state organizer, provided a green light to JAC and Volkswagen to develop 100,000 pure battery electric vehicles yearly
Volkswagen stated it aims to fulfill upcoming difficult quotas in China for selling more green vehicles on its own and would not turn to acquiring credits from rivals. China has strongly promoted plug-in hybrid and battery electric vehicles, called ‘new energy vehicles’, to combat urban smog however is gradually phasing out aids in favor of
Volkswagen stated on Wednesday it would not produce or offer any Audi automobiles with SAIC Motor till at least 2018, seeking first to enhance ties with present Audi partner China FAW Motor. Volkswagen stated in November a non-binding contract with SAIC to talk about a collaboration relating to Audi AG, which is the best selling
Volkswagen plans to supply over 400,000 brand-new energy vehicles for the Chinese market by 2020 to resolve its environmental protection requirements, a leading official stated. The number will boost to 1.5 million by 2025, Jochem Heizmann, CEO of Volkswagen Group China, stated according to Xinhua news agency. The automaker revealed previously that it would present
Volkswagen AG stated on Friday it anticipates sales of Volkswagen brand name automobiles in China to hit 3 million this year, a boost of 340,000 from in 2015. Stephan Wollenstein, executive vice president of Volkswagen Group China, made the forecast at the Guangzhou auto show. Recently, It was reported that Volkswagen and China’s Didi Chuxing
Audi and China’s SAIC Motor signs a contract The contract will likely lead the way for the German high-end automaker to produce automobiles in China with SAIC, an individual knowledgeable about the matter informed Reuters. Executives of Audi and SAIC officially signed the cooperation framework contract on Friday, and the German automaker is expected to
Volkswagen will introduce a high-end sedan in China on Friday that will take on directly with sibling brand name Audi and is aimed at purchasers searching for elegant yet less-flashy vehicles amidst a countrywide crackdown on conspicuous consumption. Chinese President Xi Jinping’s sweeping war on ingrained graft and lavish way of lives since presuming power
Volkswagen AG is checking out a joint venture to make electrical vehicles in China with a state-run business, part of its aggressive push into electric-vehicle production as the auto maker works to fix its emissions cheating scandal. The automaker has signed a memorandum of cooperation with China Anhui Jianghuai Automobile Co. for a possible collaboration,
The head of Volkswagen AG’s China operations stated a prepared expiry of tax breaks for little engine automobiles would hit its sales in the nation next year, including that the car industry was eager to see an extension of the procedure. During October 2015, China cut sales taxes by half on automobiles with engines of
Volkswagen AG published profits in the first quarter, however profits plunged for its Volkswagen brand name and in China, its greatest single market, suggesting how far the German car maker has to go in recuperating from its diesel-emissions scandal. The world’s largest car maker by sales is dealing with the costs of the emissions scandal.
Volkswagen is optimistic its favorable sales pattern from the two previous quarters will continue in China, the world’s biggest automobile market, its China chief Jochem Heizmann recently stated. Volkswagen also prepares to invest EUR4 billion with regards to its joint venture partners in China this year, while the expansion of its share of the sports