Volkswagen is planning to launch more than 20 pure electric or plug-in hybrid models in China over the next few years, according to Reuters. Suffering from worsening pollution, China has stepped up efforts to promote use of electric cars through incentives and tougher emission rules, and has set a target of putting 5M green vehicles in use by 2020. Volkswagen (OTCQX:VLKAY) still lags rivals BMW (OTCPK:BAMXY), Tesla (NASDAQ:TSLA) and Nissan (OTCPK:NSANY) in selling pure electric cars in China.
Posted on: Wed, 29 Oct 2014 11:42:00 +0000
Recently Viewed Topics
© 2015