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VW Aims High to Meet China’s Clean-Air Sales Target
Volkswagen AG says it will use a bevy of locally produced hybrid and all-electric models to meet China’s pending rules for “new-energy” vehicles, Reuters reports.
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Volkswagen AG says it will use a bevy of locally produced hybrid and all-electric models to meet China’s pending rules for “new-energy” vehicles, Reuters reports.
The new standard will require new-energy vehicles to account for at least 8% of each carmaker’s sales by 2018. Companies will be allowed to buy credits from other producers with higher sales rates, but VW vows to achieve the sales target on its own.
Jochem Heizmann, CEO of VW China, tells reporters ahead of the Shanghai auto show that the company will bolster its electric-car sales through a partnership with ride-hailing service Didi. The German carmaker also will generate credits through it partnership with JAC Motors to make and market about 100,000 EVs annually under a new brand.
VW’s group sales in China totaled nearly 4 million units in 2016. But the total included only a few hundred imported electrified models. Heizmann says the company intends to hit China’s 2018 target even if the government decides to postpone the deadline.
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