Chinese Vice Premier visits Volkswagen Group headquarters in Wolfsburg
Winterkorn provided the delegation with comprehensive information on the research activities of the Group and especially the electro-mobility campaign in the key market of China. "Volkswagen is committed to forging ahead with electro-mobility in China and to taking a leading role in technology and sales in this area by 2018," Winterkorn explained. He expects Volkswagen Group China to sell a six-figure number of plug-in hybrid and electric vehicles by 2020.
Volkswagen is opening its new vehicle plant in Changcha in 2015 and an engine plant in Changchun will also start production this year. In 2017/2018, there will be two further vehicle plants in Quingdao and Tianjin. The Volkswagen Group is a powerful motor for China as a high-tech location. In the environmentally compatible technology field, the Group is committed to innovations made in China and made for China.
With 19 locations and almost 3.5 million vehicles produced in 2014, China is the largest market for the Volkswagen Group. By 2019, manufacturing capacity is to be boosted to five million vehicles. Together with its Chinese partners, Volkswagen is investing €22 billion in highly advanced vehicles and powertrains, environmentally compatible technologies and resource-conserving production in China by 2019.
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