Starting in 2019, almost every brand will be introducing new e-cars to the market. Drivers in China are already using an electric vehicle produced by the SOL brand, a VW joint venture in Central China.
German Economy Minister Peter Altmaier has said he doesn't understand why domestic carmakers have been so slow to invest in the development and production of electric cars. He called it a big strategic mistake.
Volkswagen has trumpeted a bright start to 2018 and outlined massive spending plans for electric vehicle and autonomous-driving ventures in China, ahead of the Beijing auto show, which is scheduled to open on Wednesday.
German carmaker Volkswagen has said it will boost its investment in electric vehicles in China together with its joint ventures on the ground. The announcement came as the Asian nation set stringent production quotas.
German automaker Volkswagen and the world's largest ride-hailing company are in talks to form a joint venture. Carmakers are increasingly moving to work with transportation startups like Didi and Uber.
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