VW may build two electric models with venture partners in China, starting as early as end-2013, said Karl-Thomas Neumann, chief executive officer and president of the Wolfsburg, Germany- based automaker’s China unit. The models may have a range of 100 kilometers (62 miles) to 200 kilometers, he said.
Governments in China and Europe are getting “more realistic that electric cars could quickly replace internal- combustion engines,” he said. Electric cars need “some time” to develop, Neumann said today in Guangzhou, south China, where he is attending the city’s auto show.
Volkswagen is counting on China to help it surpass General Motors Co. and Toyota Motor Corp. as the world’s biggest automaker by 2018. VW will spend 14 billion euros ($19 billion) from 2012 through 2016 to expand in the nation it first entered three decades ago, as part of a push to increase sales in emerging markets.
Neumann reiterated VW’s plans to double production capacity by 2015 and said it will exceed 2 million deliveries in China this year. The maker of the Jetta sedan and Tiguan SUV sold 1.89 million vehicles in the first 10 months, an increase of 15 percent from a year earlier, it said on Nov. 11.
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