VW to launch 10 green cars in China by 2018
Porsche's Panamera S E-Hybrid is one of the green vehicles VW is offering in China.
Volkswagen Group plans to introduce 10 electric and plug-in hybrid models in China by 2018 to strengthen its presence in the market.
The Porsche Panamera S E-Hybrid, a plug-in hybrid, has already arrived in Chinese showrooms. Later this year, the automaker will launch two electric cars, the Volkswagen e-Up and e-Golf, the company announced recently at the Beijing auto show.
Volkswagen also plans to introduce two other plug-in hybrids in China next year: the Audi A3 E-tron and the Volkswagen Golf GTE.
All of the vehicles will be imported from Germany.
In 2016, VW China will introduce plug-in hybrid versions of the Audi A6 plus an unspecified "new mid-sized limousine" tailored for the market. Volkswagen's joint ventures with China FAW Group Corp. and SAIC Motor Corp. will assemble the models.
VW Group also plans to launch a Bentley plug-in hybrid in China.
China’s green incentives
China's central government offers incentives ranging up to 57,000 yuan ($9,200) for an electric car, and 33,250 yuan for a plug-in hybrid. Conventional hybrids do not qualify for government subsidies.
In the first quarter of this year, VW Group sold 880,700 vehicles in China, up 15 percent year-on-year. The company aims to sell 3.5 million vehicles in the market this year after sales of 3.27 million in 2013.