Volkswagen Group China to invest over 4 billion Euro in 2020

• Next year’s share of investment for e-mobility increases to around 40 percent, paving the way for Volkswagen Group China’s NEV offensive
• In 2020, production of ID. Models will start in two factories, electrifying the country and supporting the company’s major sustainability goal to become net carbon neutral by 2050
• Despite headwinds, Volkswagen Group China increases its market share to 19.5 percent and outperforms the Chinese market
• Dr. Stephan Wöllenstein: “Our continued investment is charting the right course. Though challenging times remain, we won’t slow down and will continue to excite customers with our strong brand portfolio and accelerating electrification.”

Full press release (ENG)