VW’s investment in the future
At the Volkswagen Group Media Event, Beijing, VW demonstrated the company’s commitment to delivering outstanding People’s Mobility solutions to Chinese consumers.
The company outlined its vision to be a leading player in a new era of smart, people-oriented, sustainable mobility solutions. To support this goal, through 2022, Volkswagen Group and its joint-venture partners will be making around 15 billion euros available for direct investments in e-mobility, autonomous driving, digitalization and new mobility services.
In attendance, Dr Herbert Diess, newly appointed chairman of the board of management and CEO of Volkswagen Group said, ‘As the world’s biggest automotive market, China plays a prominent role across all Group brands. The strong bond with our joint ventures and business partners will remain. We are accelerating to make mobility cleaner, safer and more intelligent to really improve people’s lives. We will be starting local production of battery-electric cars in at least six factories by 2021 in China.’
The company aims to be at the forefront of key areas that will define the future of mobility. It believes the future will be determined by the electrification of cars to tighten pollution control, and the deployment of information technologies like artificial intelligence to advance the level of comfort. This will be complemented by smart traffic concepts to make cities more liveable. These elements, along with autonomous driving, will help provide easy access to mobility for everyone.
The company is also aiming to take People’s Mobility to ‘the fourth dimension of mobility,’ whereby the car will be a smart, self-moving device embedded in a digitalized eco-system. To jump-start its changes, Volkswagen Group China continues to form partnerships in a range of key areas, such as artificial intelligence with Mobvoi and, through Mobility Asia and its brand ezia, smart mobility services.