As a result, the workforce in VW’s Chinese plants is expected to increase from 75,000 to more than 100,000 people by 2018, while annual production capacity is set to grow from 2.6 million to more than 4 million vehicles per year in 2018. The Volkswagen Group is building seven new plants in China, with five of them due to start production later this year.
Also, Volkswagen in planning to introduce several electrified models in China from 2014/2015, that will be built locally by the joint ventures Shanghai-Volkswagen and FAW-Volkswagen.
“We will be launching the largest investment programme in China’s automotive history. At Volkswagen, we are convinced that climate protection and efficient technologies are drivers for economic growth. And I am confident that the world’s best automaker must take the lead in terms of green mobility, too,” Volkswagen Chairman Dr. Martin Winterkorn said before the Shanghai Auto Show.