Shulou(Shulou.com)11/24 Report--

CTOnews.com August 30 news, Volkswagen public number yesterday evening article, Volkswagen passenger car brand CEO Shi Wentao and Volkswagen brand board members visited Volkswagen China headquarters V-SPACE last week.

Wentao Shi and the Volkswagen Brand Board members not only met with Volkswagen China teams and joint venture partners, but also visited dealers and held communication meetings with core Chinese media.

Volkswagen officials said that as Volkswagen's largest single market, China is the core subject of ACCELERATE strategy, and Volkswagen is accelerating its development at "China speed":

Strengthen our R & D and procurement competitiveness in the areas of electrification and digitalization through the recently established Volkswagen (China) Technology Co., Ltd.(VCTC);

To further build a new energy ecosystem in China, Volkswagen is introducing more local partners;

Accelerate the launch of pure electric products that meet the needs of Chinese consumers.

CTOnews.com Note: ACCELERATE Strategy is Volkswagen's transformation strategy proposed in 2021 to accelerate its transformation into a software/mobile service provider. Volkswagen will invest about 16 billion euros (currently about 126.4 billion yuan) by 2025 in future trends such as electric vehicles, hybrids and digitalization. By 2023, Volkswagen aims to achieve an operating margin of at least 6 percent and maintain that level for the long term.

Moreover, Volkswagen plans to accelerate its global electric offensive again: by 2030, the share of electric vehicles in Volkswagen's European sales will rise to more than 70%, double the 35% previously planned. During the same period, Volkswagen aims to increase its share of electric vehicle sales in the United States and China to more than 50%. To achieve this goal, Volkswagen will introduce at least one new all-electric model every year.

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