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VW, SAIC Will Launch EV Production in China in 2020
The 50:50 venture between Volkswagen AG and SAIC Motor Corp. says it will begin making all-electric vehicles for the Chinese market in the second half of 2020.
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The 50:50 venture between Volkswagen AG and SAIC Motor Corp. says it will begin making all-electric vehicles for the Chinese market in the second half of 2020.
The venture’s new 17 billion-yuan ($2.5 billion) factory in Shanghai will have capacity to make as many as 300,000 EVs annually for VW’s Audi, Skoda and Volkswagen brand. VW says the plant’s first model will be an electric crossover vehicle.
The plant’s vehicles will ride on VW’s new MEB (modular electric toolkit) platform. VW said last month that the new platform will eventually carry 27 EV models worldwide.
VW also makes electric vehicles in China through a separate venture with Anhui Jianghuai Automobile Group Corp. Those vehicles are marketed under the SOL brand, which unveiled its first model in April.
Bloomberg estimates that China’s market for piston-powered vehicles shrank 10% in the third quarter of 2018, but sales of plug-in hybrids and all-electrics jumped 68%.
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