Volkswagen misses sales targets in China

Volkswagen boss Herbert Diess has lowered expectations of sales targets for the ID electric models in China. Instead of the projected 80,000 to 100,000 of the all-electric models, only 70,000 IDs have been sold this year, according to the statement. Diess is said to have admitted as much during an internal staff Q&A session at the end of November, a VW spokesman confirmed on Friday. The departure of VW’s China boss Stephan Woellenstein has also been linked to the slow sales of the ID models (China-Table reported).