Volkswagen

CARIAD's China team currently employs more than 600 people, a number that will double by the end of 2023.

Volkswagen plans to set up a joint venture with Huayou Cobalt and Tsingshan Group in Indonesia and a joint venture with Huayou Cobalt in Guangxi, China.

Construction of Volkswagen Anhui's MEB plant started in April 2021, with more than 70 percent of the building construction already completed.

Volkswagen is in discussions with Huawei about acquiring the latter's self-driving team and plans to announce further information by the end of March, local media said.

Volkswagen is in talks with Huawei with plans to buy the latter's self-driving unit for billions of euros, German media reported.

CITIC Securities expects Volkswagen Anhui to reach annual sales of 200,000 units by 2025.

The Volkswagen ID. family of electric vehicles had a total of 70,625 deliveries in China in 2021.

This is the fourth consecutive month that the Volkswagen ID. family of EVs has delivered more than 10,000 units in China, bringing total deliveries in China to 70,625 units in 2021.

Last year a Volkswagen executive said extended-range EVs were the worst solution. Sales of the Li ONE with this technology have now exceeded the combined sales of Volkswagen's mid-size SUVs in China.

It would be very damaging if Germany or the EU wanted to decouple from China, says Herbert Diess.