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Volkswagen offered 70,625 ID electrical vehicles in China final yr, lacking targets By Reuters

© Reuters. FILE PHOTO: Folks stroll previous an ID. Retailer X showroom of SAIC Volkswagen in Chengdu, Sichuan province, China January 10, 2021. REUTERS/Yilei Solar

By Norihiko Shirouzu

BEIJING (Reuters) -Volkswagen AG offered 70,625 of its ID electrical automobiles in China final yr, lacking its purpose of promoting 80,000 to 100,000 vehicles, the corporate mentioned on Tuesday.

“It was a reasonably troublesome yr for us as a gaggle.” the German automaker’s China chief Stephan Wollenstein mentioned.

Provide chain constraints, together with a world chip scarcity, impacted manufacturing and have been components that contributed to Volkswagen (DE:) failing to achieve its ID gross sales purpose, Wollenstein added.

The ID collection, which Volkswagen produces at its Chinese language joint ventures with SAIC Motor and FAW Group, is the spine of Volkswagen’s electrical automobile ambitions.

Amongst China’s high 10 electrical automotive manufacturers final yr, the one international title was Tesla (NASDAQ:). The listing was dominated by Chinese language automakers, together with BYD, Wuling, in addition to Nio (NYSE:) and Xpeng (NYSE:), in line with consultancy Automobility.

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