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Volkswagen says to launch over 20 electric vehicle models in China

Published 29/10/2014, 05:31
© Reuters A man holds an umbrella as he walks past a company logo of FAW-Volkswagen at an automobile exhibition in Fuyang
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(This October 28 story was refiled to remove repetition of text)

SHANGHAI (Reuters) - Volkswagen AG (DE:VOWG_p) said on Tuesday it would launch more than 20 models of battery-driven cars in China over the next few years.

"In the near future, Volkswagen will be offering Chinese drivers over 20 NEVs, from small cars to large-sized SUVs, from plug-in hybrids to pure electric cars," Jochem Heizmann, head of Volkswagen Group China, said.

Heizmann was speaking to reporters in Shanghai, where the German carmaker is launching a week-long campaign to promote e-mobility in China's financial hub.

Volkswagen lags global rivals including BMW (DE:BMWG), Tesla Motors Inc (O:TSLA) and Nissan Motor Co (T:7201) in selling pure electric cars in China.

Volkswagen has previously said it plans to introduce into China more than 15 electric or plug-in hybrid cars for Volkswagen and other brands it owns by 2018, many of which will be locally produced.

© Reuters. A man holds an umbrella as he walks past a company logo of FAW-Volkswagen at an automobile exhibition in Fuyang

China, suffering from worsening pollution, has stepped up efforts to promote use of electric cars, having rolled out incentive policies and tougher fuel-efficiency and emission rules. Beijing has set an aggressive target of putting 5 million green vehicles on Chinese roads by 2020.

(Reporting by Samuel Shen and Kazunori Takada. Editing by Jane Merriman)

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