Etiqueta: Volkswagen

The official launch of the Ocean-M hatchback will take place in the third quarter, with a price range of RMB 150,000 to RMB 200,000 yuan.

Global automakers and EV startups are unveiling new models and concept cars at China’s largest auto show, with a focus on the nation’s transformation into a major market and production base for digitally connected, new-energy vehicles

This development follows Mercedes-Benz reducing its stake in their joint premium EV venture from 50% to 10%.

Slowing demand for electric vehicles, heightened trade tensions and questions about whether Western legacy automakers can interest Chinese consumers will be the talk of Beijing as executives from top global car marques descend on the capital for the Auto China show.

Chinese car giants locked in a cut-throat price war descend on the capital for the start of the Auto China show Thursday, vying to draw consumers and headlines in the world's biggest electric vehicle market and abroad. Beijing's Auto China show, which lasts until May 4, will see dozens of firms square off in a bid to draw customers at one of the country's biggest car shows.

Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show from Thursday, in a challenge to the likes of Germany's Mercedes-Benz which three years ago pulled out of the brand's development citing slow sales. The Denza Z9GT is the fruit of BYD founder Wang Chuanfu persisting with the brand after Mercedes-Benz effectively became a sleeping partner in their decade-old 50-50 premium EV venture by cutting its stake to 10%. The car will complement Denza's N7 and N8 SUVs and D9 multipurpose vehicle, whose surging sales have contributed to BYD's EV domination at the expense of legacy foreign automakers.

Volkswagen also revealed that will introduce over 30 new Volkswagen models across all powertrains and in all segments by 2030

Volkswagen also revealed that it will introduce over 30 new models across all powertrains and in all segments by 2030

Volkswagen is preparing a wave of new electric cars exclusive to China, inspired by this concept.