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Production of plug-in hybrid and fully electric models planned in China, including expansion of Anting/Shanghai plant and an intensification of cooperation within the German-Chinese joint venture Shanghai Volkswagen (SVW) confirmed. Front row from left: Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft and President and CEO of Volkswagen Group China, and Chen Zhixin, President of SAIC Motor Corporation Ltd. (Back row from left) Volkswagen Aktiengesellschaft Board of Management chairman Prof Dr Martin Winterkorn, City of Shanghai party secretary Han Zheng, Communist Party of China Politburo member Shi Mingde, Chinese ambassador to Germany and SAIC Motor Corporation Limited chairman Chen Hong.
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BERLIN, June 4, 2015:
VOLKSWAGEN Group China signed a key agreement with Chinese joint venture partner, SAIC Motor Corporation Limited on the automobile future at the Volkswagen Group Forum DRIVE here today.
Volkswagen Aktiengesellschaft Board member and Volkswagen Group China president and chief executive officer Prof Dr Jochem Heizmann and SAIC Motor Corporation president Chen Zhixin signed the cooperation agreement in the presence of City of Shanghai party secretary Han Zheng, SAIC Motor Corporation chairman Chen Hong and Volkswagen Aktiengesellschaft Board of Management chairman Prof Dr Martin Winterkorn.
The agreement is to expand the main plant of the Chinese joint venture SVW in Anting to meet the new challenges associated with the local production of electric vehicle models. With this decision, full localisation of the Volkswagen Group’s electric vehicles in China is to be gradually implemented.
“Volkswagen is a strong motor for the high-tech location China. Together with our long-standing partner SAIC, we are consistently forging ahead with advanced, environmentally compatible technologies. With these technologies, we will shape the automobile future of China. One of the main emphasis is on electro-mobility,” Winterkorn explained.
“Today’s agreement lays the foundation for the further expansion of our commitment to Chinese society and the environment. We have been at home in China for more than 30 years. Over the next four years, we plan to localise more than 15 different electric vehicle models in China, including plug-in hybrids and fully electric vehicles,” said Heizmann.
With the development and local production of electric vehicles and components, Volkswagen is taking the next step in the further expansion of its research and development expertise in China. Research activities in the field of fuel cells and plug-in hybrid vehicles are to be intensified as well.
It was also agreed that a new C-segment model of the Volkswagen brand would be produced at the Anting plant, to the west of Shanghai, from 2016. In about four years time, a new electric vehicle model based on Volkswagen’s Chinese bestseller, the Lavida, is due to roll off the production line at the Anting plant– this will be the first fully electric vehicle produced at the plant.
These agreements form part of the total investment of €22 billion in China planned by the Volkswagen Group together with its joint ventures by 2019. The largest investment programme in the Chinese automobile industry to date is to be funded from the cash flow of the joint ventures Shanghai Volkswagen and FAW-Volkswagen.
Together with its joint ventures Shanghai Volkswagen and FAW-Volkswagen, the Volkswagen Group delivered a total of 3.7 million vehicles in China in 2014, representing an increase of 12.4% over the previous year. The Volkswagen Group has 20 vehicle and component production locations in China.
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