EXCLUSIVE: Volkswagen's China EV venture has no new models planned for next two years, sources say Reuters
EXCLUSIVE: Volkswagen's China EV venture has no new models planned for next two years, sources say - Reuters
In short
Volkswagen's dedicated electric vehicle venture operating in China does not intend to introduce any new models over the next two years, according to people familiar with the matter. The joint operation will navigate the immediate future relying exclusively on its existing product catalog. This lack of upcoming releases highlights a major upcoming gap in the company's regional product pipeline based on source disclosures.
Key points
- Volkswagen's Chinese electric vehicle pipeline faces an impending two-year gap without in…: Volkswagen's Chinese electric vehicle pipeline faces an impending two-year gap without introducing any new models.
- The absence of upcoming vehicle releases indicates a temporary freeze on product expansio…: The absence of upcoming vehicle releases indicates a temporary freeze on product expansion for the Chinese venture.
- Source disclosures confirm that the brand's localized electric division will not expand i…: Source disclosures confirm that the brand's localized electric division will not expand its existing catalog through the next two years.