Volkswagen to provide 400,000 new energy cars for Chinese market

Tianjin, Jan 17 (IANS) German automaker Volkswagen plans to provide more than 400,000 new energy cars for the Chinese market by 2020.

This was announced on Monday by Volkswagen Group China CEO Jochem Heizmann, Xinhua news agency reported.

The automaker plans to increase the number to 1.5 million by 2025.

The company announced earlier that it would introduce 15 models of new energy vehicles in China in the next three-to-four years, to address the environmental protection needs of the Chinese market, as well as 10 models worldwide in the next decade.

New energy vehicles sales of the company are expected to reach 2 million to 3 million in 2025 — 20 to 25 per cent of its total sales.

China is Volkswagen’s largest market.

Volkswagen Group China and its two joint ventures delivered 3.98 million automobiles to the Chinese mainland and Hong Kong in 2016 — up 12.2 per cent year-on-year.