Reference News Network, November 27 report - According to the German magazine "Die Zeit" website, November 25 report, Volkswagen Group, a German automobile manufacturer, announced that it will be able to fully research and develop new cars in China. For this purpose, the group has opened a new research and development center in Hefei, China. Volkswagen said that with this center, new models can be fully developed outside Germany for the first time and pass all necessary tests to reach market maturity.
According to the report, for many years, German automobile manufacturers have been facing increasing competitive pressure in the Chinese market. According to Juntong Business Consulting, a British company, Chinese automobile manufacturers had a market share of nearly 60% in their home market last year, compared to 35% in 2019.
Ralph Brandstätter, chairman and CEO of Volkswagen Group (China), said: "China is the most competitive and innovative automobile market in the world. By expanding our capacity in Hefei, we will strengthen our ability to respond quickly to local market demands." Oliver Blume, CEO of Volkswagen Group, said that Volkswagen wants to become a "global technology driver" in the automotive industry, and will continue to consolidate its position in the world's largest automobile market.
Volkswagen said that the new research and development center located in Hefei, China, will specialize in researching electric vehicles. These models will not only be supplied to the Chinese market but also exported to Southeast Asia and the Middle East.
It is reported that this research and development center can shorten the development time of new vehicle models by 30%. According to the initial plan, a new electric vehicle platform will be developed here, serving as the basis for vehicles priced at around 20,000 euros. (Translated by Wang Qing)
On July 7, new cars were orderly produced in the final assembly workshop of the FAW-Volkswagen North China Base in Tianjin Economic and Technological Development Zone. (Xinhua News Agency)
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