VW adjusts China strategy

According to VW brand chief Ralf Brandstaetter, Volkswagen plans to be able to manufacture up to one million EVs per year in China starting in 2023 – approximately 20 percent of the company’s total production capacity in China. The new plant in Anhui province will contribute to this, the manager told the Japanese newspaper Nikkei. The plant, a joint venture with China’s Anhui Jianghuai Automobile Co (JAC), is expected to manufacture 300,000 EVs annually starting in 2023.