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

  • DTV implements long-term cycle monitoring
    February 28, 2014
    B-Riders (www.b-riders.nl) is the first project ever to closely follow a large group of bike users (2,500 participants) over a long period of time – one year. A highly innovative bike tracking system was developed, and implemented, featuring an app that automatically registers all trips 24/7. The system then autonomously analyses trips and assigns them into categories - foot, car, public transport or bike.
    Read More
  • Gojek to expand ride-hailing service across Singapore
    January 3, 2019
    Gojek to expand ride-hailing service across Singapore
    Read More
  • Irdeto and Conjure promote Keystone vehicle access solution
    March 19, 2018
    Irdeto and Conjure are using Intertraffic to present what they claim is the most secure, policy-based vehicle access and safety solution in the connected transport industry. Using a mobile device with a companion application, the solution eliminates the need for physical keys to a car while also providing car and fleet owners with the ability to securely and intuitively provision and manage a host of new car sharing/car riding experiences. Keystone combines secure, tamper-proof policy management that
    Read More
  • Elon Musk unveils Los Angeles tunnel plan
    December 19, 2018
    Elon Musk, the boss of Tesla and SpaceX, has opened the first tunnel in a planned network under Los Angeles to help ease congestion in the US city. The world’s media was invited this week to travel in the mile-long tunnel – built by Musk’s Boring Company under the Hawthorne district - in an electric Tesla vehicle. The trip was described as “almost a white knuckle ride” by the BBC: “A bumpy two-minute journey in a modified Model X through a concrete tunnel with a blue neon light in the ceiling.” A C
    Read More

Highlighted Content