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Finwire

Reports: Volkswagen’s joint venture in China has no plans for new electric car models in 2027-2028 – Reuters

Volkswagen’s Chinese joint venture Volkswagen Anhui has no new electric car models planned for 2027 or 2028 after sales of the ID. UNYX series became significantly weaker than expected. Reuters reports this, citing sources.

The company sold 11,360 cars in the series during the first nine months of this year, while the target for next year is 128,000 cars, according to internal documents. The factory in Anhui, with an annual capacity of up to 350,000 vehicles, is significantly underutilized.

Volkswagen Anhui, which is 75 percent owned by Volkswagen, has not yet reached profitability and is not expected to break even until 2030. Volkswagen states that the group plans to launch 30 electrified models in China by 2029, including models from the Anhui operations.

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