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07/10/18
Berlin / Wolfsburg
Volkswagen Group News

Volkswagen is systematically and vigorously advancing its electromobility offensive in China

Volkswagen is systematically and vigorously advancing its electromobility offensive in China
  • Volkswagen Group signs letters of intent with the FAW Group and China Intelligent and Connected Vehicles Research Institute (ICV) during the state visit of Chinese Premier Li Keqiang in Berlin
  • Political discussions held about the role that China plays as a production and sales location for the Volkswagen Group
  • Dr. Herbert Diess: “The Volkswagen Group will strengthen its position in China’s important market by systematically expanding its partnerships there”
  •  Through the end of 2022: Provision of €15 billion for future fields with partners in China – local investments as well as research and development for new technologies and mobility projects

The Volkswagen Group is expanding its successful
business relationships in the People’s Republic of China. As part of the 5th German-Chinese government consultations, the Volkswagen Group China signed letters of intent with a long-time joint-venture partner, the FAW Group, and with the China Intelligent and Connected Vehicles (Beijing) Research Institute Co. Ltd. (ICV). The agreements cover the areas of e-mobility, connectivity, mobility services and autonomous driving. A day earlier, the Volkswagen Group China joined the automakers JAC and SEAT in signing letters of intent in which the three underscored their commitment to e-mobility. The aim of the partnerships is to draw on the support of the Chinese partners and to systematically and vigorously fuel the company’s far-reaching electro-offensive and to apply new technologies.

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Andreas Brozat
Spokesperson Innovation & Digitalization
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