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volkswagen id.3: Volkswagen: Will make 15 electric models in China by 2025

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volkswagen id.3: Volkswagen: Will make 15 electric models in China by 2025

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BEIJING: Volkswagen AG said on Monday it and three local joint ventures plan to invest around 15 billion euros ($17.44 billion) in electric mobility in China, the world’s biggest car market, between 2020 and 2024.
The world’s leading carmaker also said VW AG’s electric vehicle sales in 2020 will be double those of 2019.
Volkswagen has recently unveiled the ID.3 and ID.4 electric SUVs in the global market. The company is also planning to bring in ID.4 in India, however, hasn’t mentioned any timeline.
With the investment by Volkswagen and its three joint ventures with FAW Group, SAIC Motor and JAC, the German automaker will build 15 different battery-electric or plug-in hybrid models in China by 2025.
The Wolfsburg-based automaker will start making electric vehicles based on its MEB architecture at two Chinese factories from October. It will source EV batteries from CATL, Guoxuan and A123.

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