Volkswagen will make electric vehicle production the centre of its post-pandemic strategy in China as the world’s largest carmaker forecasted sales in the second half of the year would hit a similar level to 2019.
Stephan Wöllenstein, VW’s China chief executive, said on Friday that almost all capacity to be added in the country would be for electric vehicles and that the company would introduce a new battery-powered range in October.
The launch of its ID range was intended to take advantage of a shakeout of Chinese electric vehicle makers that had left dozens of start-ups facing bankruptcy as the state subsidies they relied on were cut, Mr Wöllenstein added.
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