German automobile giant Volkswagen has announced its future plan about electric mobility in China. Under the plan announced at the World New Energy Vehicle Congress (WNEVC), the automaker aims to increase its electric car share to 50% of its total deliveries in China by 2035.
China is known as one of the most demanding markets in the world when it comes to electric mobility. To achive this target, Volkswagen is aiming to strengthen its local R&D centre in China. More than 4,500 engineers will work there on future technologies.
Speaking about the future plan, Volkswagen CEO Herbert Diess said, “The Chinese car market is of vital importance for Volkswagen's e-offensive. We want to expand our leadership role through local partnerships and increased R&D work in the country.”
The German automaker is striving for the lead in transforming the auto industry towards electric mobility in China. This was endorsed by the CEO of Volkswagen AG, Dr. Herbert Diess, at the first World New Energy Vehicle Congress (WNEVC) in the southern Chinese city of Boao. The Boao Consensus, which describes the strategic results of the congress, foresees e-cars accounting for 50% of annual global car sales by 2035.
Within the Chinese market, Volkswagen commits to that goal as well, making China pivotal for Volkswagen Group’s de-carbonization strategy. VW aims to offer 14 electrified models to the Chinese customers this year and by 2028, more than half of the group's planned 22 million EVs will be produced in China.
Electric mobility is already booming in China. Last year, more than one million plug-in hybrids and purely battery-powered vehicles were sold there. This makes China the world's largest market for e-cars.
The Chinese government is supporting e-mobility through comprehensive initiatives such as the expansion of the charging infrastructure and low electricity costs. In addition, more renewable energy is being harnessed to generate electricity.
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