•   
  •   

World Volkswagen wants to catch up with E cars in China

12:30  18 april  2021
12:30  18 april  2021 Source:   ad-magazin.de

China Looks to Challenge U.S. Dollar with New Digital Yuan

  China Looks to Challenge U.S. Dollar with New Digital Yuan China's new digital currency looks like its paper money. A mobile phone app developed for the People's Bank of China allows users to spend it like cash. The central bank digital currency (CBDC) could be used for international trade, and likely won't be linked to the global financial system. Vital commodities such as oil and copper are priced in dollars. The Bank for International Settlements says the greenback is now used to complete about 88% of international foreign exchange trades, compared with about 4% for the yuan.

Volkswagen has announced the launch of the new ID.6 all-electric SUV. The vehicle is a mainstay in the German automaker’s plan to infiltrate some of the Chinese electric vehicle market that has quickly established itself as one of the most competitive globally. BeforeItsNews only exists through ads. We ask all patriots who appreciate the evil we expose and want to help us savage the NWO with more Truth to disable your ad-blocker on our site only so we can grow and expose more evil! Funding gives us more weapons!

The Volkswagen Group wants to lead the EV trend with a model campaign. Manufacturers such as Tesla and Volkswagen are ramping up operations in China to nab a piece of growing EV market. Volkswagen is readying two Chinese factories to build electric cars in 2020. The Chinese plants will have a production capacity of 600,000 vehicles.

Volkswagen wants to catch up in China with electric cars. In two to three years, the core brand on the largest car market in the world for alternative drives wanted to have a similar market share than today in gasoline with almost 15 percent, China boss Stephan Wöllenstein said on Sunday before the opening of the International Autometer in Shanghai. "Volkswagen has the good tradition, sometimes a little later, but all the more violent to come."

Regentropfen auf einem Logo von Volkswagen. © Julian Stratenschulte / DPA / archive image raindrops on a logo of Volkswagen.

In a world premiere, Volkswagen presented the electric city-ground car ID.6 X and Crozz, which are produced only in China. Currently, VW in the People's Republic of electric cars have only a market share of three to four percent, said Wöllenstein. But he see a "good chance" to reach a double-digit percentage this year. 2021 If you want to sell more than 100,000 E cars in China.

BGH verdict: VW also has to reimburse credit costs

 BGH verdict: VW also has to reimburse credit costs Volkswagen must also reimburse diesel plaintiffs the credit cost for their car in full. This decided on Tuesday of the Federal Court of Justice in Karlsruhe in the last instance. © David Zalubowski / Copyright 2021 The Associated Press. All rights reserved. Volkswagen-Logo This was fundamentally condemned to repay a customer financing costs of almost 3300 euros.

Volkswagen has plans for China to take its EV plan into the stratosphere in the coming years, eventually becoming the area where it will sell 50% of its EVs globally, hopefully by 2030. “A desire for roomy interiors, safety and comfort, coupled with a high level of interest in technology and connectivity – China is a market like no The vehicle utilizes the MEB platform that will power each of the vehicles in the ID. family, including the already-released ID.3 and ID.4. However, the ID.6 offers drivers increased cargo and passenger capacity thanks to three rows of seats suitable for up to seven passengers.

China is the most important market worldwide: The Volkswagen Group delivered more than 4.2 million vehicles there in fiscal year 2017. Find out here how this successful cooperation began 40 years ago. Both sides were to benefit from the outcome of the German- Chinese negotiations: foreign capital and expertise enabled China to significantly accelerate its industrialization. At Volkswagen , the opening up of new sales markets in Asia was an important part of corporate policy - and here the only slightly motorized People's Republic offered enormous future opportunities.

The local market for E cars is currently dominated by Chinese competition and the US manufacturer Tesla. Wöllenstein said Volkswagen will invest 15 billion euros in e-mobility in China in China alone in the next four years alone. "We will need two to three years to overtake Tesla." Wöllenstein confirmed that in the context of the emissions trading pollutant certificates were purchased from the US manufacturer to compensate for higher fleet consumption in China.

The Automansager rejected the impression that a rival is supported. "The trade was wanted from the outset.» But he expects the Volkswagen Group to fulfill the requirements of themselves this year by selling more e-cars themselves.

The collateral damage of Australia's trade war with China .
From the barley fields of Western Australia to the lobster trawlers of Hobart, Four Corners shows the human and financial cost of the ongoing trade war with China.More is at stake than exports alone.

usr: 3
This is interesting!