Acquired Electronics360


VW to Invest $11.8M in China's Electric Car Market

17 November 2017

During the next seven to eight years, Volkswagen, the world’s largest automaker, plans to invest more than $11.8 billion to build electric and hybrid cars in China, the world's biggest auto market.The hybrid Golf is a current Chinese "green" model. (Photo: Volkswagen)The hybrid Golf is a current Chinese "green" model. (Photo: Volkswagen) The infusion lets the German auto group—which operates in China through joint ventures with the state-run SAIC Motor Corp. and FAW Group Corp.— introduce a total of approximately 40 electric-car models to China through 2025, or roughly five cars per year. There will be plenty of sales opportunities: Earlier this fall, China said it would be phasing out all production and sales of vehicles powered only by fossil fuels. No exact deadline has been released.

China is the top consumer of electric vehicles in the world, and the national government is encouraging companies to design and build them on Chinese territory. One of VW’s major competitors is Chinese-owned Volvo, which announced in July that all cars it makes from 2019 on will have electric motors.

The Chinese auto market accounts for roughly 30 percent of passenger car sales worldwide, according to the Minor Metals Trade Association. That’s quite a few electric vehicles being bought and sold. The figure is remarkable given that before the 1980s, private citizens were not allowed to buy motor vehicles for personal use, and the only passenger cars built in China were for the Communist Party elite. The control on private purchases was lifted in the mid-1980s, and today China leads is the largest auto market.

Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter


Date Event Location
12-16 Aug 2018 Vancouver, Canada
11-13 Sep 2018 Novi, Michigan
27 Sep 2018 The Reef, Los Angeles
03-05 Oct 2018 Boston, Massachusetts
26 Oct 2018 Old Billingsgate
Find Free Electronics Datasheets