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Volkswagen looking to amplify its ID electric vehicle sales in China

Volkswagen looking to amplify its ID electric vehicle sales in China
Volkswagen looking to amplify its ID electric vehicle sales in China

Volkswagen Group has announced new plans to double the sales of its electric ID vehicle series in China by this year-end. This comes despite the COVID-19 setbacks, with the automaker declaring its plan to supply up to 20,000 ID cars each month to the Chinese market in the upcoming months, stated CEO of Volkswagen China Stephan Wöllenstein.

The Volkswagen ID series of electric cars serve as the cornerstone of the company's EV aspirations in China, which is the largest market for vehicles worldwide. The company manufactures the ID series of electric cars in the country as part of a collaboration with SAIC Motor and FAW Group.

While discussing Volkswagen's plan for the ID vehicles, Stephan Wöllenstein stated that the automaker will secure the required components to ensure optimum deliveries. To that effect, the company will subsequently be able to sell more ID series cars at the end of this year as compared to the same time last year, he added.

The German automotive behemoth has increased the target of sales of ID electric vehicles in China from 70,000 units in 2021 to twice that number in 2022. Moreover, Volkswagen has sold 59,400 units of ID electric vehicles in China in the first half of this year despite the Covid-19-related disruptions.

The auto manufacturer also confirmed that sales of Volkswagen ID vehicles in China accounted for 80% of total sales of electric vehicles, including plug-in hybrids.

According to sales in China, Volkswagen is currently the most well-known foreign carmaker in the country. Despite the surge in EV sales, the OEM's total China sales dropped by 20.5% in the first half of the year to 1.47 million units.

However, Stephan Wöllenstein anticipates extremely strong growth for the entire industry as well as for the automaker in the second half of 2022 due to government initiatives that are boosting the demand.

Source Credits:

https://auto.hindustantimes.com/auto/electric-vehicles/volkswagen-aims-to-double-id-electric-vehicle-sales-in-china-41658105949573.html

 

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Vinisha Joshi

Vinisha Joshi

Despite graduating with an engineering degree in electronics and communication, Vinisha Joshi chose the road less travelled, and decided to pursue her career in content writing . Currently, she pens down articles for cuereport.com and a few other distinguished news platforms, pertaining to business and finance.