Volkswagen Signs Electric Car-Related Deal With SAIC

JUL 23 2015 BY MARK KANE 10

Volkswagen signs cooperation agreement in the area of e-mobility research with Chinese joint venture partner SAIC

Volkswagen signs cooperation agreement in the area of e-mobility research with Chinese joint venture partner SAIC

Volkswagen announced cooperation agreement in the area of e-mobility research with Chinese joint venture partner SAIC.

The German-Chinese joint venture, Shanghai Volkswagen (SVW), will expand its main plant in Anting to accommodate production of new electric and plug-in hybrid models, which localization will be implemented gradually.

In total, 15 plug-in cars will be introduced in China in the next four years. Although the first all-electric Volkswagen produced in China will go on sale “in about four years“:

“It was also agreed that a new C-segment model of the Volkswagen brand would be produced at the Anting plant, to the west of Shanghai, from 2016. In about four years time, a new electric vehicle model based on Volkswagen’s Chinese bestseller, the Lavida, is due to roll off the production line at the Anting plant– this will be the first fully electric vehicle produced at the plant.

These agreements form part of the total investment of €22 billion in China planned by the Volkswagen Group together with its joint ventures by 2019. The largest investment program in the Chinese automobile industry to date is to be funded from the cash flow of the joint ventures Shanghai Volkswagen and FAW-Volkswagen.”

Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen said:

“Volkswagen is a strong motor for the high-tech location China. Together with our long-standing partner SAIC, we are consistently forging ahead with advanced, environmentally compatible technologies. With these technologies, we will shape the automobile future of China. One of the main emphases is on electro-mobility.”

Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft and President and CEO of Volkswagen Group China said:

“Today’s agreement lays the foundation for the further expansion of our commitment to Chinese society and the environment. We have been at home in China for more than 30 years. Over the next four years, we plan to localize more than 15 different electric vehicle models in China, including plug-in hybrids and fully electric vehicles.”

Volkswagen signs cooperation agreement in the area of e-mobility research with Chinese joint venture partner SAIC

Give me back my logo…

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10 Comments on "Volkswagen Signs Electric Car-Related Deal With SAIC"

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V.W. is making moves indicating that they want to be part of the ev revolution, i.e. the eGolf. They are also saying that.
The role of the wearer of the yellow jersey is already taken but they can move up in the peleton.

I wonder who will ultimately take the Green Jacket ?

I am curious to see in 2017 how the company that puts the more li-ion batteries KWH on the roads will achieve this. I mean the mix of PHEV as compared to BEV. For example in the UK, its presently Mitsubishi with its PHEV Outlander which has the yellow jacket, small batteries but so many of them.

By how much would it hold the yellow jersey?
33 000 Mitsu PHEV were sold until june 2014.
For 12 kWh per car it amount to 396 GWh.
At the same time about 125 000 Leaf had been sold with 24 kWh pack for 5 TWh.
I doubt that Mitsubishi got anywhere close to that number yet.
Truth is Tesla is probably the #2 rank in kWh.

So GM and VAG “get” it. Looking at you Toyota…

To be fair, Volkswagen Group already had serious exposure via Audi, which for some reason is really popular there (in its peer categories). This is VW planning to hold what they got, and preferably build from there.

Let me see… Volkswagen sold 3.4 million (or was it 3.7 million) cars in China last year. I think they have… 17 car factories there, going to 20 this year.

And as VW plans to introduce into China more than 15 electric or plug-in hybrids by 2018. Lets imagine 1 out of 5 VW’s sold in China by 2018 to be an hybrid, that is 700K li-ion batteries needed. Lets add to that all VW group sales of PHEV’s BEV’s in Europe by 2018, VW group will soon need about a million 10Kwh batteries per year for their PHEV/BEV sales. Not hard to figure out which company do really need a gigafactory or at least a supplier with serious batteries production capacities.

Good to see Volkswagen walking the walk, not just talking the talk about making EVs. Partnering with a Chinese company for domestic sales in China is definitely the way to go, if you want good sales volume there.

Hard to believe that just a few short years ago, VW was the last major holdout against jumping on the EV bandwagon. They’ve really turned around. GO VOLKSWAGEN!

No EVs for 4 years !
What is taking them so long? Hurry up.