VW's China joint venture transforms
Shanghai plant for EV production
Send a link to a friend
[June 06, 2023]
SHANGHAI (Reuters) - Volkswagen's Chinese joint venture with SAIC
Motor has transformed one of its plants in Shanghai for production,
research and development of electric vehicles (EV), the German automaker
said on Tuesday.
|
![](../images/060623PIX/busine6.jpg)
A worker at the Volkswagen assembly line in
Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS/File
Photo |
Production of internal combustion engine models at the main
plant of SAIC Volkswagen in Anting of Shanghai will be relocated
to other plants, Volkswagen said in an emailed statement to
Reuters, which came after comments on social media saying
Volkswagen was shutting a plant in Shanghai.
The change will not affect the production capacity for
individual models, it added.
The move underscores Volkswagen's efforts to accelerate its
shift to electrification as it has been losing shares in its
biggest market where it lags behind Chinese rivals in launching
new EV models.
Volkswagen-branded cars have been outsold by electrified vehicle
maker BYD since November last year, according to data from
industrial associations.
(Reporting by Zhang Yan, Brenda Goh; Editing by Emelia
Sithole-Matarise)
[© 2023 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
![](column_spacer.png)
|
|
|