VW goes electric in China

Volkswagen will invest €15bn in electric and autonomous vehicles (AVs) in China by 2022, according to a report by Euractiv.com. Herbert Diess, the German carmaker’s chief executive, claimed at a press conference in Beijing that the money would make mobility cleaner, safer and more intelligent to help improve people's lives.
April 30, 2018 Read time: 1 min
994 Volkswagen will invest €15bn in electric and autonomous vehicles (AVs) in China by 2022, according to a report by %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external Euractiv.com false http://https//www.euractiv.com/section/electric-cars/news/volkswagen-makes-e15bn-bet-on-electric-cars-in-china/ false false%>. Herbert Diess, the German carmaker’s chief executive, claimed at a press conference in Beijing that the money would make mobility cleaner, safer and more intelligent to help improve people's lives.


The funding will come from both Volkswagen and joint venture partners.

Additionally, the company intends to develop battery-powered cars in at least six factories in the country.

Diess also confirmed an agreement with Anhui Jianghuai Automobile to launch a new car brand, SOL, which aims to provide an electric SUV with a 300km range capability on a single charge.

For more information on companies in this article

Related Content

  • Grab launches e-scooter service in Indonesia
    May 28, 2019
    Grab has joined forces with Sinar Mas Land to launch 50 electric scooters aimed at people travelling short distances in BSD (Bumi Serpong Damai) City in Indonesia. Sinar, a property developer, says the GrabWheels service is expected to be of interest to students and office workers travelling distances of 3-5km. Ongki Kurniawan, Grab Indonesia executive director, says the e-scooters can travel up to 15km per hour and can travel up to 40km when the battery is fully charged. Users can access the service
    Read More
  • Viettel Post to launch ride-hailing service in Vietnam
    June 27, 2019
    Viettel Post has developed a ride-hailing app for riders in Vietnam called MyGo for car, motorbike, delivery and transport services. A report by Vietnam+ says the postal and delivery company will add transport services by truck to its app and will aim to avoid increasing prices during peak hours. The company is now seeking driver partners on the run-up to its official launch in July. South-east Asia is fertile ground for mobility services: in January, FastGo launched its ride-hailing, delivery and cater
    Read More
  • Canadian gov invests in PEI’s EV charging infrastructure
    March 18, 2019
    The Canadian government has committed CAN$300,000 to develop six electric vehicle (EV) chargers across Prince Edward Island (PEI) province. The funding is part of the government’s CAN$182.5 million investment to develop a fast-charging network for EVs and establish natural gas stations along roads and hydrogen stations in metropolitan areas. It recently made a similar investment in Vancouver. The chargers, built by the Government of PEI, were funded through Natural Resource Canada’s Electric Vehicle and A
    Read More
  • Compass4D workshop
    February 28, 2014
    The next Compass4D combined workshop and showcase event on the real deployment of ITS takes place at the Automotive Campus in Helmond in the Netherlands on 4 April. The workshop will discuss the actions needed to deploy ITS: What cities should do and what they expect from the industry; The role of European, national and local authorities; and the appropriate business models to guarantee a successful C-ITS deployment. The workshop will also show some of the ITS services for safer and cleaner transport in
    Read More

Highlighted Content