Volkswagen Group and SAIC Motor have signed several energy technology cooperation agreements to expand their presence in China’s new energy vehicle (NEV) market. The collaboration will see the development of three new plug-in hybrid electric vehicles (PHEVs) and two battery electric vehicles (BEVs), which are expected to be launched between 2026 and 2030. The agreements were signed in Shanghai and involve Volkswagen Group China, VCTC, and SAIC Volkswagen. This move is seen as a strategic effort to counter the European Union's protectionist measures against Chinese EV imports.
#Volkswagen #China’s CEO emphasized the significance of enhancing a strategic partnership with #SAIC in the dynamic #EV market in China. The two sides signed multiple deals to develop more EV lineups, countering the #EU's protectionism against China's EV industry. https://t.co/ZJ9emqrY7w
#Germany’s #Volkswagen Group and #China’s SAIC are teaming up to launch new plug-in hybrid and electric models as soon as 2026, defying #EU protectionism on Chinese EV imports as protectionism can’t stop collaboration in the EV sector, experts said. https://t.co/R0T97bbCWY
China's SAIC Motor and Germany’s Volkswagen yesterday signed energy technology cooperation agreements to jointly develop three plug-in hybrid and two pure electric vehicle models, expected to hit the Chinese market between 2026 and 2030. @VM https://t.co/Tp1s48a9rA
China's SAIC Motor and Germany's Volkswagen Group will further expand their presence in China's new energy vehicle (NEV) market, with the two carmakers signing several energy technology cooperation agreements on Thursday https://t.co/LrDsDC9sbw https://t.co/h8TRqBp7ZK
NEWS: Volkswagen Group, SAIC Motor, Volkswagen Group China, VCTC and SAIC Volkswagen sign NEV tech cooperation in Shanghai that will see three new PHEVs and two new BEVs developed in China for China produced by the JV. Additional PHEVs and BEVs to be launched throughout second… https://t.co/MBXwIJcfYy