Volkswagen to invest 15 billion euros in China for electric car

The new Volskwagen Golf 8 presented at the Beijing Motor Show on September 26, 2020. REUTERS / Thomas Peter

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China surprised a few days ago by committing to carbon neutrality by 2060. The development of the electric car is part of this strategy.

The German manufacturer Volkswagen announced Monday, September 28 a significant investment to develop its presence in this sector.


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From our correspondent in Berlin,

Pascal Thibaut

We are changing the rules of the game


The statement of the boss of Volkswagen in China on Saturday was translated into facts as of Monday, September 28.

The German automaker has announced an additional investment of 15 billion euros by 2024 to expand into


in the Chinese market, the largest for Volkswagen.

This commitment is in addition to the 33 billion already committed by the manufacturer to develop its presence in electricity in the world.

Half of the investments planned by the German manufacturer for these vehicles are planned in China.

Four-fold increase in electric vehicles in China

China is the world's biggest polluter ahead of the United States.

One in three vehicles produced by Volkswagen in this country must, within five years, be electric.

The auto giant's strategy is more ambitious in China than in Europe.

It supports Beijing's ambitions in this area, where the market share of these vehicles should quadruple in the coming years.

German manufacturers also want to be present with this technology in China and around the world.

According to a McKinsey study, next year they could dethrone their Chinese competitors and be the world's leading producers of electric vehicles.


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  • China

  • Germany

  • Automotive

  • Economy

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