HomeEconomyVW pledges to double down on EVs in China, urges extension of... Economy VW pledges to double down on EVs in China, urges extension of NEV tax break By hossam a April 1, 2023 0 53 views Share FacebookTwitterPinterestWhatsApp VOWG_p +0.15% Add/Remove from Watchlist Add to watch list Location added successfully: Please name your Shareholding Portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: SHANGHAI (Reuters) – Volkswagen AG veteran (OTC: VWAGY ) Chinese executives reiterated on Saturday that Germany’s automakers were committed to accelerating the electrification of the world’s second-largest economy despite issues such as rising competition and weak demand. Volkswagen plans to increase the number of charging piles for electric vehicles in China , go through100 as it plans to invest in billion euros ( . Billion USD) and its three joint ventures in the country for electric vehicles 100, Stefan Mecha, CEO Volkswagen (ETR: 1000VOWG_p ) brand in China , Tell China EV 17 Beijing Forum. “The market is flooded with new, highly competitive players, but fierce competition only motivates us to keep innovating and improving,” Mecha explain. He added that despite weak short-term demand in China, the company is confident of a recovery. In February, Chinese EV maker BYD overtook VW for the second month in a row to become the best-selling passenger car in the world’s largest car market. There are four car brands. Mecha also urged China to exempt purchase tax on new energy vehicles (NEVs), including pure electric and plug-in hybrid vehicles. The levy has been extended beyond this year as part of policy support for the industry. In September, China extended the The tax exemption deadline is 50. ($1=0.200 EUR) Share FacebookTwitterPinterestWhatsApp Previous articleHow the Inevitable Foundation developed its 'aggressive' solution to pay disabled writers, not content with consulting workNext articleRakuten's Bikkuri-Man snack gets new animation for original story hossam a RELATED ARTICLES Economy Boris Johnson hands COVID-era WhatsApps to UK government amid inquiry row May 31, 2023 Economy Without action on jobs, low-income countries will fall behind – ILO May 31, 2023 Economy China VC funding set for weakest first half in 8 years May 31, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Was there any feud between the Heat and the Nuggets before the Finals? | Carton Exhibition May 31, 2023 Our Google Pixel 7a video review is live May 31, 2023 Sydney Sweeney in socks and heels May 31, 2023 Jennifer Lopez Debuts a New Set of Sheer Pink Coffin Nails May 31, 2023 Load more Featured NEWS Otaku Elf ‒ Episode 6 May 14, 2023 Samsung notifies affected customers of July security breach September 3, 2022 The 17 Best Mascaras of 2022, According to Makeup Pros October 18, 2022 Realme GT Neo 5 appears to pass Geekbench with 16GB of RAM January 20, 2023 Load more
