VW bets on EVs for return to growth in China

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

South Africa Headlines News

Carmaker is confident of doubling sales of its ID electric vehicles

Volkswagen is betting demand for electric vehicles and easing supply constraints will help it return to growth in China this year, after the global chip shortage dented sales in 2021.

The VW brand accounted for about 2.26-million deliveries, or about 11% of the national vehicle market. That compares to a previous share of 14%-15%, which Wollenstein described as a “substantial loss”. “If you talk to our logistic and production colleagues, it’s probably the hardest time in their business life,” said Wollenstein. “We have to adjust our production programmes more or less weekly, depending on what we are getting as supplies on a global basis, and what difficulties we have to deal with on a local basis.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Too much meat? Spain factory farming debate creates beefThe growth Spain's factory farming sector is fuelled by external demand, especially from China.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

China orders suspension of some US flights after Covid-19 casesChina has ordered the cancellation of more than two dozen scheduled flights from the United States in recent weeks after numerous passengers tested positive for Covid-19 after arriving in China.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Office market to remain in doldrums even though more are back at workFNB property strategist says it's unlikely there will be a return to full-time office working For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Dpurplewomanfx on Twitter she guides me through and i made a return of $10500 after a week of trading, connect with her Dpurplewomanfx
Source: BDliveSA - 🏆 12. / 63 Read more »

Novak Djokovic wins fresh deportation delayThe case is set to return to court later on Monday.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Perennial performer McGregor back for Drak ChallengePaddler confirms he will return to challenge for fourth title at end of January
Source: BDliveSA - 🏆 12. / 63 Read more »

Reits look forward to refocusing on growth as balance sheets settleThe listed property sector has performed well over the past 10 years despite notable market shocks i have been very fruitful ever since i have been investing with williamchurch09. contacted mr william after series of testimonies i saw online, i took courage and started investing with him. i have made my third withdrawal which are ten times the initial investment.
Source: BDliveSA - 🏆 12. / 63 Read more »