Volkswagen launches new brand in China
- Volkswagen is launching a new brand in China, which will be dedicated to 100% electric vehicles. This brand is called SOL. It will help to ensure that Volkswagen sells nearly 400,000 electric cars in 2020 and 650,000 in 2025, as required by the quotas set by the Chinese government for each manufacturer based in China, depending on their sales volume.
- The SOL brand, which is the result of a partnership between Volkswagen and China's JAC (Anhui Jianghuai Automobile), unveiled its first model, at the Beijing Motor Show: the E20X which is a compact SUV that could anticipate the styling of the future VW T-Cross presented in Europe at the end of the year.
- This model provides 116hp power and 300 kilometers of autonomy. Between now and 2023 it will be followed by the phased launch of ten new 100% electric models, two new models per year on average for five years. All these models should be produced in China.
- The Volkswagen Group is the manufacturer that will have to make the most effort on the Chinese market in order to sell 10% of its sales in electric cars, 12% in 2020, 20% in 2025 and 30% in 2030, and thus be in line with the requirements of the Chinese government, because today it sells more than 4 million vehicles a year.
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