Volkswagen triples electric car deliveries to Chinese market

German carmaker Volkswagen surprised itself and the market with the number of electric cars delivered to China for the first nine months of this year. In doing so, she was still talking in July about the need to change the strategy for the market of the world’s most populous country.

Volkswagen Group delivered 47,200 electric cars to the Chinese market between January and September. In the same period last year, it was just 15,700. Thus, the year-on-year number of electric cars delivered by Volkswagen to China has tripled. Meanwhile, the German automaker has spoken recently about the need to change strategy just for China.

“We managed to substantially increase our electric car sales in China in the third quarter, which we planned. We are on track to get soon to the annual sales of between 80 and 100 thousand units of our models from the ID family.,” Christian Dahlheim, head of the business division, said according to Reuters agency Volkswagen.

A Volkswagen executive said in July that the Concern needed to focus on changing its approach to China’s electric car market. Indeed, the German carmaker sold just over 18,000 electric cars in China for the first half, which was seen as disappointing.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Qualified Purchaser Explained: Who Qualifies and Why the Status Matters

Private equity funds, hedge funds and other alternative investments...

WSJ: Authentic Brands Group Is Interested in Acquiring Toy Manufacturer Mattel

American company Authentic Brands Group, which specializes in the...

What Stocks Pay Dividends? How to Identify Sustainable Payers

For investors looking for regular income, one question tends...

OpenAI Unveils Dots, AI Agents for Continuous Unsupervised Work

OpenAI today, at its developer conference, introduced new autonomous...

How to Buy Government Bonds: Direct Purchase, Funds and the Trade-Offs

Government bonds are often associated with stability, predictable income...

Shein Shares Plunge by Up to 14 Percent to a Low Following Quarterly Profit Decline

Shares of Shein, the online fast-fashion retailer, plunged by...

Chipmaker AMD acquires AI firm World Labs for over eight billion dollars

U.S. chipmaker Advanced Micro Devices (AMD) has agreed to...

How to Invest $100K: A Framework Based on Time Horizon and Risk Capacity

Receiving, saving or accumulating $100,000 creates an attractive investment...
spot_img

spot_imgspot_img