Volkswagen sold 70,625 ID electric cars in China last year, missing targets

11/1/2022 6:28:00 AM

Volkswagen says it sold 70,625 ID electric cars in China in 2021

Volkswagen says it sold 70,625 ID electric cars in China in 2021

BEIJING :Volkswagen AG sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling 80,000 to 100,000 cars, the company said on Tuesday.'It was a pretty difficult year for us as a group.' the German automaker's China chief Stephan Wollenstein said.Supply chain constraints, in

BEIJING :Volkswagen AG sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling 80,000 to 100,000 cars, the company said on Tuesday."It was a pretty difficult year for us as a group." the German automaker's China chief Stephan Wollenstein said.

Supply chain constraints, including a global chip shortage, impacted production and were factors that contributed to Volkswagen failing to reach its ID sales goal, Wollenstein added.The ID series, which Volkswagen produces at its Chinese joint ventures with SAIC Motor and FAW Group, is the backbone of Volkswagen's electric vehicle ambitions.

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LinkedIn BEIJING :Volkswagen AG sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling 80,000 to 100,000 cars, the company said on Tuesday.Copy to clipboard https://str.Copy to clipboard https://str.China, Russia navy ships jointly sail through Japan strait Before being transferred to Myanmar, China also upgraded the Minye Kyaw Htin.

"It was a pretty difficult year for us as a group." the German automaker's China chief Stephan Wollenstein said. Travel restrictions ordered by her husband's employer and children's school mean that they could be penalised for having a family member who has travelled out of Beijing. Supply chain constraints, including a global chip shortage, impacted production and were factors that contributed to Volkswagen failing to reach its ID sales goal, Wollenstein added. Sri Lanka has benefited from billions of dollars in soft loans from China but the island nation is currently in the midst of a foreign exchange crisis placing it on the verge of default, according to analysts. The ID series, which Volkswagen produces at its Chinese joint ventures with SAIC Motor and FAW Group, is the backbone of Volkswagen's electric vehicle ambitions. "I haven't seen them in almost three years. Among China's top 10 electric car brands last year, the only foreign name was Tesla.03 billion deal with the Thais.

The list was dominated by Chinese automakers, including BYD, Wuling, as well as Nio and Xpeng, according to consultancy Automobility. With the Chinese New Year travel season fast approaching, the government is actively discouraging people from travelling during a festival celebrating reunions and togetherness. Over the past decade China has lent Sri Lanka over US$5 billion (S$6. (Reporting by Norihiko Shirouzu; Writing by Brenda Goh; Editing by Clarence Fernandez and Shounak Dasgupta) Source: Reuters .