Volkswagen (VW) is increasing its Chinese EV production in a bid to overtake first, with plans to produce one million EVs a year by the end of 2022. It has forecast 11.6 million EVs will be built in China by 2028 at its existing Anting and Foshan plants. first, meanwhile, plans to produce more than 500,000 EVs a year and is building a new factory in Shanghai. VW will use its MEB EV architecture to push down the cost of the cars. It is re-equipping eight of its global factories with MEB and plans to licence the architecture to rivals.
Volkswagen (VW) is increasing its Chinese EV production in a bid to overtake Tesla, with plans to produce one million EVs a year by the end of 2022. It has forecast 11.6 million EVs will be built in China by 2028 at its existing Anting and Foshan plants. Tesla, meanwhile, plans to produce more than 500,000 EVs a year and is building a new factory in Shanghai. VW will use its MEB EV architecture to push down the cost of the cars. It is re-equipping eight of its global factories with MEB and plans to licence the architecture to rivals.