The Chinese branch of Volkswagen, which incorporates SAIC and FAW joint ventures, has summed up the results of the past year in a recent press conference and outlined the priorities moving forward.
According to Car News China, the automobile giant plans to accelerate its business development until 2030 in order to stay ahead of the competition as “smart” and “connected” vehicles come to the foreground. The company makes the biggest bet on electric vehicles right now, but believes that it may be too soon to retire ICE cars.
By 2027, VW Group China expects to offer customers in that country as many as 30 locally assembled ICE cars and hybrids. All staple non-electrified cars will be hybridized using the latest tech. By 2030, the company hopes to be selling at least 30 all-electric models in the country.
Out of these, two EV will be designed on a platform provided by Xpeng, the Chinese car company that holds 5% of VW Group stock. Both are slated to arrive in 2026.
Aside from the above, the German brand says it plans to speed up innovation for the market of China. In order to stay relevant in that rapidly evolving market, the company will have to design driving assists, smart cockpit solutions, modern satellite navigation and all kinds of AI-powered features. These will be conceptualized specifically with the local market in mind.