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VW to Make EV Motors in China
Volkswagen AG is spending 115 million yuan ($17 million) to prepare its transmission plant in Tianjin, China, to make motors for electric vehicles.
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Volkswagen AG is spending 115 million yuan ($17 million) to prepare its transmission plant in Tianjin, China, to make motors for electric vehicles.
The facility will begin production at the end of next year, according to government officials. They say the plant’s initial annual capacity will be 120,000 units, Automotive News China reports.
The capacity will coincide with VW’s plans to begin making 100,000 EVs late next year at a 5.1 billion-yuan ($750 million) factory it is building in Hefei with partner Jianghuai Automobile Co. VW also intends to launch EV production through its ventures with SAIC and FAW.
Like other carmakers in China, VW is scrambling to add EV capacity needed to satisfy the government’s upcoming sales quotas for plug-in hybrid and all-electric vehicles. The rules demand that carmakers generate “green vehicle” credits equivalent to 8% of sales in 2018, 10% in 2019 and 12% by 2020.
VW is targeting annual EV sales in China of 400,000 units in 2020 and 1.5 million by 2025.
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