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Volkswagen to open three new EV and SUV factories in China
thirty.05.20221 [12:03],
Vladimir Mironenko

Carmaker Volkswagen Group China has announced plans to launch three new factories in Qingdao, Tianjin and Foshan in the coming months with First Automobile Works (FAW) to produce electric vehicles and SUVs (crossovers).

EPA-EFE FILR / ROMAN PILIPEY

Thanks to this, the German company and its Chinese partner hope, first of all, to increase production of crossovers to meet the growing demand in the Chinese market, Efe reported.

“The launch of these new passenger car manufacturing facilities will help us meet strong demand for new vehicles in the near future and pave the way for future mobility in China,” Jochem Heizmann, President and CEO of Volkswagen China, said in a statement, adding that after record sales results in the first quarter, the company expects further sales growth in the passenger car market by 4 to 5%.

auto.ndtv.com

In the first quarter of 20221, sales of Volkswagen China vehicles increased by 13%, amounting to 1.01 million units.

Volkswagen also said in a statement that the German automaker and its partners intend to invest 15 billion euros by 2022 in areas such as e-mobility, autonomous driving, digitalization and new mobile services.

In April of this year, Volkswagen and JAC Motors announced a new brand for the Chinese market called SOL (after the Spanish word for sun) for the production of electric vehicles.

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