German auto giant Volkswagen has set sight on providing over four lakh new energy cars for the Chinese market by 2020 to address its environmental protection needs, a top official said today.
The number will increase to 1.5 million by 2025, Professor Jochem Heizmann, CEO of Volkswagen Group China, was quoted as saying by state-run Xinhua news agency.
The company announced earlier that it would introduce 15 models of new energy vehicles in China in the next three or four years, to address the environmental protection needs of the Chinese market, as well as 10 models worldwide in the next decade.
New energy vehicles sales of the company are expected to reach 2 million to 3 million in 2025, 20 to 25 percent of its total sales.
China is Volkswagen's largest market. Volkswagen Group China and its two joint ventures delivered 3.98 million automobiles to the Chinese mainland and Hong Kong in 2016, up 12.2 per cent year on year.