SHANGHAI : Germany's Volkswagen AG said on Tuesday it plans to introduce 10 more electric vehicle models by 2026 and it remained committed to China, where established foreign brands are losing ground to nimble local rivals.
Volkswagen, the top-selling passenger vehicle brand in China for decades, is among the legacy foreign auto brands seeing their shares of the world's biggest auto market shrink as they lag Chinese peers in launching electric cars. For 2022, Volkswagen saw sales fall by 3.6 per cent to 3.18 million vehicles.
Unveiling the upper-end ID.7 EV model on Tuesday, Schafer said Volkswagen plans to introduce 10 more EV models by 2026.
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