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VW to Boost China EV Capacity to 1m by 2023 – Nikkei


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Ralf Brandstaetter, CEO of Volkswagen Passenger Cars, will relocate to Beijing as the German carmaker tries to replicate its success with petrol vehicles


Volkswagen china
An employee charges the new electric Volkswagen model ID4 during a media show in Zwickau, Germany. Photo: Reuters.

 

Volkswagen will be able to build as many as 1 million electric vehicles (EVs) a year in China in 2023 amid an expansion that will also bolster its development and sales networks there, Nikkei Asia reported.

Ralf Brandstaetter, CEO of Volkswagen Passenger Cars, would relocate to Beijing as the German carmaker tries to replicate its success with petrol vehicles in the country’s cut-throat EVs market.

Read the full report: Nikkei Asia.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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