VW Seeks Electric-Car Sales as Nissan, GM Add Models
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Volkswagen AG, Europe’s largest carmaker, plans to build and sell 10,000 electric cars in China from 2014 to 2018 as rivals add more fuel-efficient vehicles in the world’s biggest auto market.
The German company will produce an electric model at local ventures with SAIC Motor Corp. and FAW Group Corp. as early as 2013 and is considering a battery-powered model specifically designed for the nation in 2018, said Karl-Thomas Neumann, president of Volkswagen Group China, at a conference on electric vehicles in Shenzhen, China yesterday.