The Chinese market has become so important for world automakers that Volkswagen is betting the success or failure of the electric car on how well it is received by consumers in China. It has displayed an electric version of the Volkswagen Lavida in China called the E-Lavida and will also be reportedly showcasing an electric Golf next week in Shanghai. The Chinese government is supportive of EVs – it will start an EV funding initiative in July, and charging stations will be built within the next few years.
“China is the most important market worldwide for the Volkswagen group, and the success of e-mobility in China is decisive for the global execution of the e-mobility strategy,” said Volkswagen CEO Martin Winterkorn in a media statement. Volkswagen intends to start selling EVs in China in four years time. It will be investing over US$5.9 billion in China over the next few years, hoping to ride on the Chinese market boom. Volkswagen already expects that China will overtake Germany as the company’s largest market this year.
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no
this is not about e vehicle.
this is about currently, only in china there are monies.. and in abundance. it does not matter whether it is e vehicle or normal internal combustion engined vehicles.if u can sell in china then u are in good money zone. its not rocket science. thats why everyone flocking into china now. americans are gone and bangkrupt. european seems cannot stand any vehicle made in china which may cripple them despite they may have a lot of money by buying cheap plastic china vehicles.. north americans dont even know where china is and dont really care at all.
chinaman last time very famous about GROPING every single cents he can from trading.u simply cannot outbargain a chinaman. thats what legend say. now WV is doing exactly the same.
another reason is that, not belittling china people, only european and some little americans are concern about environmental. i have a very solid argument on this.
look at the sky of China.
its full of carbon mono/di oxide.
The carbon monoxide is the reason the Chinese central govt is putting in place policies concerning emissions, environment and alternative energy (which also helps buffer them from fluctuating oil prices). But enforcing it is a logistical nightmare.
is a gamble game VW is playing , they wish they can hit the jackpot
With sales of cars more than 1m a month, China is a lucrative piece of pie.
Thats where its all heading. There is a hugh pie there. And everyone wants a slice.
Analysts expects the yuan to appreciate and keep appreciating, therefore whatever investments done now, will have a significant impact.