The firm’s future merchandise can be primarily based on the Groups Modular Electric Drive Matrix (MEB), with plans for a step-by-step growth of native R&D competence within the localization of MEB-based derivatives.
The first automobile is anticipated to roll off the Anhui manufacturing line in 2023.
The Volkswagen Group in China has inaugurated a brand new Research & Development centre on the firm’s amenities in Hefei. At the identical time, the three way partnership JAC Volkswagen was renamed as Volkswagen (Anhui) Automotive Company Limited. With a 75 per cent stake within the three way partnership, Volkswagen takes over administration management at Volkswagen (Anhui). The firm’s future merchandise can be primarily based on the Group’s Modular Electric Drive Matrix (MEB), with plans for a step-by-step growth of native R&D competence within the localization of MEB-based derivatives, and the purpose of capitalizing on world synergies. The first automobile is anticipated to roll off the Anhui manufacturing line in 2023.
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Dr. Herbert Diess, CEO of Volkswagen AG, stated, “Volkswagen Anhui is a promise for stronger partnership and e-mobility power in China. Within the next three years, we can expect state-of-the-art MEB production, a new full-electric portfolio and technology solutions from its R&D center in Anhui. This year’s investment of around one billion Euro accelerates the progress within the joint venture.”
In Hefei, analysis and improvement, high quality assurance, simultaneous engineering and full functionality pre-series manufacturing and testing will all be united in a single facility, with integration throughout the economic worth chain. By combining these key capabilities and utilizing the MEB platform, Volkswagen will velocity up improvement cycles and permit for considerably quicker time-to-market for brand spanking new merchandise. Volkswagen (Anhui) is now growing native expertise, the bulk being in R&D, to quantity round 500 workers by 2025. The second section of Volkswagen (Anhui)’s transformation will begin in 2021, with the growth of infrastructure and gear for the manufacturing strains, plus the constructing of a battery workshop in addition to a automobile and part validation workshop. The full-scale manufacturing unit for pure-electric automobiles, with a most manufacturing capability of 350,000 items each year, is because of be accomplished by the tip of 2022, with the primary mannequin deliberate to enter collection manufacturing in 2023.
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Volkswagen Group has invested round one billion Euros to extend its shareholding in Volkswagen (Anhui), previously often known as JAC Volkswagen, from 50 to 75 per cent. Also included within the funding is the acquisition of 50 per cent of JAG, the father or mother firm of Volkswagen’s three way partnership associate JAC. With the closing of this transaction, Volkswagen now takes over administration management at Volkswagen (Anhui). The three way partnership can be absolutely consolidated within the Group’s working outcomes.