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What will be Volkswagen and SAIC's NEV market share in China by end of 2027?
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Volkswagen Group•SAIC Motor•China•Shanghai•Volkswagen Group China•VCTC•SAIC Volkswagen•European Union•Chinese EV
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Less than 5% • 25%
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Automotive industry reports, official market share data from Volkswagen Group and SAIC Motor
Story
Volkswagen, SAIC Sign NEV Tech Cooperation in Shanghai, Models Launch 2026-2030
Jun 28, 2024, 03:53 AM
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.
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