VW Amps Up Electrification Efforts in China
Volkswagen AG’s namesake brand expects to sell 300,000 electrified vehicles in China next year and top 1 million such models there by 2025.
The rollout will include a production version of the ID.Next concept electric crossover vehicle the carmaker unveiled in camouflage form (pictured) at the Frankfurt auto show in September. Production of the all-new model will begin by the end of 2020.
VW also will launch 10 plug-in hybrid and EV variants of existing models in China next year.
In addition, 10 electrified models based on VW’s modular MEB electric platform will be introduced by 2023. The array includes local production of the ID.3 small car—the first ID-branded model—by VW’s joint venture with SAIC Motor Corp. in Anting, China.
Sandy Munro and his team of engineers and costing analysts at Munro & Associates were contacted by UBS Research—an arm of the giant banking and investment firm—and asked whether it was possible to do a teardown and cost assessment of the Chevrolet Bolt EV.
Chinese electric-car startup Nio Inc. is forming a manufacturing joint venture with Beijing E-Town International Investment and Development Co., which is investing 10 billion yuan ($1.5 billion) in the business.
Hyundai enters the American market with a new parallel hybrid system that uses lithium-polymer batteries and the same six-speed automatic found in non-hybrid versions of the 2011 Sonata.