Volkswagen will assemble and sell electric cars in China by 2014 according to German reports.
Citing VW CEO Martin Winterkorn, the reports also note the German automaker’s intention to play a leading role in the Chinese car market by 2018.
Go deeper with GlobalData
German media also say Volkswagen is due to showcase an electric model of its Golf brand next week at Expo 2010 in Shanghai.
The Chinese government will start an electric vehicle funding initiative this July, while charging stations are due to be established within a few years.
VW is thought to be investing more than EUR4bn (US$5.3bn) in China.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
