According to a presentation by Volkswagen (VW) Group China Chief Executive (CEO), Stephan Wollenstein, the German manufacturer was unable to reach its electric car sales target in China due to the chip crisis, regional Covid-19 epidemic restrictions and problems with the launch of fully electric ID models.
The company, which aimed to sell between 80 thousand and 100 thousand electric cars in its biggest market China last year, was only able to sell 70 thousand 625 vehicles.
According to the presentation, the vehicle sales of the VW Group in China, which includes many brands such as Scania, MAN, Lamborghini, Skoda, Audi, Porsche and Bugatti, decreased by 14 percent last year compared to 2020 and fell to 3.3 million units.
The German manufacturer aims to at least double its sales of electric cars in China this year and increase its overall sales by 15 percent (about 500 thousand units).
Meanwhile, increasing sales figures in e-mobility maintain its importance in terms of Volkswagen's ability to compete with domestic manufacturers in China, while Chinese brands such as BYD and Wuling dominate the growing market. The only foreign manufacturer in the top 10 in this field in the country is the USA-based Tesla, which is in the third place.
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