To cater to China's electric vehicle quota requirements, the public wants to invest 11.8 billion U.S. dollars in the manufacture of electric vehicles.

According to foreign media reports, Volkswagen Group said on Thursday that as of 2025, the company plans to invest 10 billion euros (about 11.8 billion US dollars) for the development and manufacture of pure electric vehicles and plug-in hybrid vehicles, designed to follow China will soon introduce strict standards. Volkswagen China CEO Jochem Heizmann revealed to Reuters on Thursday that Volkswagen’s Volkswagen and Audi plans to launch 15 new energy vehicles (NEVs) in the next 2 to 3 years, and plans to Launched 25 new energy vehicles.

The Chinese government has formulated production quotas and sales quotas for new energy vehicles, requiring that the number of vehicles must be reached before 2019. The policy promoted the completion of a series of electric vehicle transactions and the launch of new models. At the same time, automakers are racing to promote the development of electric vehicles in China, so as to avoid meeting the quota requirements within the prescribed time, and auto companies that do not meet quota requirements need to purchase points. According to a public spokesman, the company has invested nearly 10 new energy vehicles in the Chinese market, but all models are imported models and sales are limited.

Heizman said that Volkswagen plans to have annual sales of new energy vehicles in China reach 400,000 by 2020; by 2025, the annual sales of new energy vehicles will be increased to 1.5 million, and new energy vehicles will be referred to as pure electric vehicles. Car and plug-in hybrid car. According to Heinzmann, the mileage of some new energy vehicles can reach 400-600 kilometers; in contrast, the Tesla Model S has a range of 490 kilometers, and the maximum mileage of the model is up to 632 kilometers. Depending on the specific battery capacity.

The Volkswagen Group believes that the number of new energy vehicles sold by its companies and its joint ventures in China will be sufficient to meet the quota requirements for new energy vehicles by 2019 without the need to purchase points. Heizman said: "We need to produce a large number of new energy vehicles and we are moving at full speed toward this goal." Last week, General Tune CEO Matt Tsien said that GM's joint venture in China will be able to sell. Extensively enough new energy vehicles will meet the quota requirements for new energy vehicles by 2019 and they will not need to purchase points. Qian Huikang said that GM and its Chinese joint venture are committed to meeting quota requirements.