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Seattle, a subsidiary of Volkswagen Group, plans to focus on China's electric car market.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)05/28 Report--

On May 27, the Chinese government arrived in Rome Dolly, Barcelona, to visit Seattle headquarters, planning that Volkswagen's Seattle cars will be laid out in China, making it clear that the Seattle brand will be introduced to China in the next two to three years.

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On the same day, in the presence of Anhui Provincial Party Secretary Li Jinbin and Dr. CEO Dis of Volkswagen Group, Luca de Mayo, President of Seattle, Dr. Feng Sihan, CEO of Volkswagen Group (China), and Jianghuai Automobile Chairman an Jin signed a tripartite strategic cooperation framework agreement.

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The agreement proposes to strengthen cooperation among all parties, confirms the further promotion of Seattle's development in China, and points out the future development strategy of the joint venture. It will invest 750 million US dollars in Hefei, Anhui Province, and open a new R & D center, which is scheduled to open in 2021.

The new research center will lay the foundation for the development of mobile travel solutions and integrate resources to jointly develop small electric vehicle products and components, as well as vehicle technology application research.

After the new product is officially launched, the price will be lower than that of SAIC-Volkswagen Skoda, and it may become the "cheapest Volkswagen car" that consumers can buy.

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Dr. Deiss said that China is currently the world's largest electric car market, and the cooperation between Seattle and JAC will increase Volkswagen's share in China. And small electric vehicles are growing rapidly in the market segment and will have great market potential.

Luca, president of Seattle, believes that the agreement is another step forward in Peugeot's globalization strategy. We are accelerating the development of the company, and will also step up the promotion of the electric vehicle industry, which is a very important step in China.

This agreement means that JAC will also become an important part of Volkswagen Group and play an important role in the global system.

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However, last year, JAC Motors partnered with Volkswagen's Spanish car brand, Seattle Automobile, and released its first model, the SOL E20X, but it has not been able to go on sale for a long time. Until May this year, when the first JAC Volkswagen model SOL E20X was officially off the line, it was learned from JAC and Volkswagen that the new car development and quality control were led by Seattle, which further confirmed the rumors.

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