With Beijing’s traffic choked roads as a backdrop, Volkswagen announced a major initiative to put tens, perhaps 100s of thousands of electric vehicles on the road in China before the end of the current decade.
VW chief executive officer Martin Winterkorn said VW and its key Chinese partners were prepared to spend as much as $27 billion in the next five years on electric vehicles in China.
“The Volkswagen Group is once again assuming a pioneering role in China and launching the biggest initiative for e-mobility in China’s automotive history”, s said. Martin Winterkorn,
The initiative gets underway with the launch this year of the Volkswagen brand’s electric Up! and e-Golf models in China.