Reuters
Reality check for Volkswagen in China after sluggish start for electric car series
Volkswagen AG’s ID series – the backbone of its electric vehicle ambitions – is off to what even company sources call a worryingly slow start in China. Sales in May of two ID.4 electric SUV models, launched only two months earlier, came to a mere 1,213 combined. Volkswagen’s venture with state-owned SAIC Motor, which makes the slightly bigger ID.4 X model, had been targeting sales of 50,000-60,000 vehicles this year, according to comments by Yang Siyao, a company marketing executive, in Chinese media in March.
