Automotive Sep 25, 2020 09:30 AM (GMT+8) · EqualOcean
According to a Chinese media channel, SAIC Volkswagen is ready to start production at its NEV plant this October in Shanghai's Jiading district. This will be the German-Chinese joint venture's first NEV plant focused on the production of Modular Electric Drive Matrix (MEB) with a total investment of CNY 17 billion. According to the company, the plant's construction started about two years ago, with the first full-process prototype produced in November 2019. Volkswagen Group is speeding up its large-scale transition towards electric vehicles, with plans to roll out 75 all-electric vehicle models along with around 60 hybrid models and increase the annual sales of all-electric vehicles and hybrid vehicles to 26 million and 6 million units respectively by 2029 – more than half of them coming from China.

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