Volkswagen set to produce 1M EVs a year in China

BERLIN, Feb 2 (Reuters) – Volkswagen will be able to build 1 million electric vehicles a year in China in 2023, CEO of the Volkswagen Passenger Cars brand Ralf Brandstaetter told Nikkei on Wednesday, boosted by a new plant in Anhui province(see below video) .

The plant, a joint venture with China’s Anhui Jianghuai Automobile Co (JAC) first announced in 2019, is set to produce 300,000 electric cars a year, with production starting in 2023.

Together with production from two further joint venture plants – one with FAW Group, and one with SAIC Motor – this should bring total capacity to the 1 million mark, Brandstaetter said.

The German automaker sold 70,625 of its ID electric vehicles in China last year ( see above video), missing its goal of selling 80,000 to 100,000 cars, with production also affected by regional COVID-19 outbreaks in addition to chip-related issues. 

Brandstaetter is due to take over Volkswagen’s China business from Aug. 1.

Under his watch, the carmaker will ramp up local development in China, Brandstaetter told Nikkei.

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