The VW Group is expanding its capacity in China. In three new factories, especially large SUVs are to be built. For the future, the production of electric cars is planned.
Volkswagen dealership in China
Saturday, 02.06.2018
14:29 clock
The joint venture FAW-Volkswagen intends to open three new plants in China. With the production facilities in Qingdao, Tianjin and Foshan, the electric offensive of the car maker is to be advanced. Above all, however, the production capacities increased by the new factories should be used to produce more of the currently very popular so-called SUVs (Sport Utility Vehicles). This is clear from the current issue of the VW employee magazine “Inside”, which is available to the German Press Agency.
In addition, the Volkswagen Group China plans to bring 40 locally produced cars with electric drive in the coming seven to eight years on the market. From 2025, 1.5 million electric cars are expected to roll off the production line each year.
Earlier it had become known that Volkswagen and its partners in China by the end of 2022 want to invest around 15 billion euros in the development of electrically powered cars and in autonomous driving. In addition, VW introduced a new brand for electric vehicles, which should bear the name Sol. Their cars are to be produced together with the joint venture partner JAC for the Chinese market.
China is Volkswagen’s most important single market. The country is also a lead market for e-mobility. Electric vehicle buyers benefit from government subsidies. In addition, the government ordered a production rate for electric cars of ten percent, which is expected from 2019.