Internally, the situation at VW is already described as a “disaster”: In one of the most important sales markets, business with Volkswagen e-cars is anything but smooth. “Many billions of euros” are now at stake, predicts an insider.

E-cars: Volkswagen in China with problems

While sales of electric cars are increasing in Germany and VW is also benefiting from them, the situation abroad is much more bleak. Things are going badly for VW in the Chinese market in particular. Other carmakers are also facing problems here, but Volkswagen is particularly affected. The joint ventures with VW participation in China had to enter into one in the first half of 2021 Minus around 30 percent complain.

Now an insider has spoken out and divulged a few internals. According to the person, the The situation at VW has already been described as a “disaster” become (source: WirtschaftsWoche). Now “many billions of euros” would be at stake if Volkswagen does not get the corner in the near future. The market for e-cars in China grew by almost a third from January to June 2021, but VW benefits from it far less than other manufacturers.

Just innovative Chinese startups would make life difficult for VW. Although Volkswagen can look back on a long presence in China, the boom has simply overwhelmed the company and was unable to react flexibly enough to new requirements. In China, interested parties can now choose between around 100 e-car providers. Even Tesla sells more electric cars in China than VW.

With the ID.5 (GTX), VW recently presented an interesting electric car. Details in Video:

VW in China: More models, more marketing

For the future, Volkswagen would like to use “ID. City Stores ”become more present. In addition, significantly more models than before are to be offered in the next two years. In the short term it is planned to increase the number of Increase car dealerships from 60 to 170. VW wants to sell more than 14 million electric cars in China by 2028.