German automaker Volkswagen will implement the “In China, For China” strategy and promote technology and product localization, said Volkswagen Group (China) Co., Ltd. Chairman Ralf Brandstätter.
The newly established Volkswagen China Technology Co., Ltd, with an investment of 7.5 billion yuan, is Volkswagen’s largest R&D center, focusing on the development of advanced pure electric technology and intelligent network technology, he said.
In the future, Volkswagen will involve suppliers in R&D at an early stage, relying more on local Chinese partners in terms of software, he said.
By 2030, 74% of Volkswagen’s new vehicles in the Chinese market will be new energy vehicles, he said.