VW China CEO Says He Wants to Expand Offer of High-End and Low-End Models in the Chinese Market

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Pinwan, January 16, according to Reuters, Volkswagen Group (China) Chairman and CEO Ralf Brandstaetter (Ralf Brandstaetter) said on Monday that the company intends to expand its high-end and low-end models in the Chinese market. , and called China’s fast-paced competitive market “a huge training center for the auto industry.” “We don’t want to give up this competition, we want to be part of it,” Baird told a media roundtable.

The automaker aims to speed up time-to-market for new models, from the current four years to an average of 2.5 years among Chinese peers. The company plans to launch the high-end ID.7 in China, as well as a new model below the ID.4, such as a smaller sedan or SUV, but not the entry-level ID.2 planned for Europe, Baird said.

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