will offer 25 electric models and 20 plug-in hybrids by 2020. Production in Xinjiang Volkswagen Group came under pressure for cooperating with the Chinese government in the region of Xinjiang. In that same region, western-funded NGOs accused the Chinese government of having committed human rights abuses against the Uighur minority group, which included mass surveillance, incarceration, and forced labor. After these accusations emerged, Volkswagen responded, "We do not assume any of our employees are forced laborers." Süddeutsche Zeitung claimed that Volkswagen was operating a plant in Xinjiang at a loss in order to curry favor with the Chinese government to set up more lucrative plants in other parts of China, which Volkswagen denied, saying that the decision to set up the plant in 2012 was purely based on economics. Volkswagen is still operating a plant in the region as of 2020. New Auto In 2021, Volkswagen Group released their New Auto strategy. The strategy was based on transitioning to electric cars, and building a shared platform, battery systems, software and mobility solutions to use across all their brands. This involves creating the Scalable Systems Platform, as well as developing software under a new subsidiary called CARIAD. Volkswagen Group aims by 2024 to transition to selling mostly electric cars. It aims to have six battery factories in Europe by 2030. Finances For the fiscal year 2018, Volkswagen reported earnings of €13.920 billion, with an annual revenue of €235.849 billion, an increase of 2.2% over the previous fiscal cycle. Volkswagen's shares traded at over €148 per share, and its market capitalization was valued at US$73.8 billion in November 2018. Operations Rooted in Europe, the Volkswagen Group operates in 153 countries. Volkswagen Passenger Cars is the Group's original marque, and the other major subsidiaries include passenger car marques such as Audi, Bentley, Lamborghini, Porsche, SEAT, and Škoda. Volkswagen AG also has operations in commercial vehicles, owning Volkswagen Commercial Vehicles, along with controlling stakes in truck, bus and diesel engine manufacturers Scania AB and MAN SE. Subsidiaries and brands The Volkswagen Group comprises the following vehicle manufacturers and their corresponding brands: Audi AG: 100% ownership — The current company was formed through the acquisitions of Auto Union from Daimler-Benz on 30 December 1964, and NSU Motorenwerke on 9 March 1969 - Audi being the sole surviving marque from the Auto Union combine. Audi Sport GmbH — Audi's performance engineering and manufacturing subsidiary. Automobili Lamborghini