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Volkswagen ratchets up effort in seizing new-energy car market in China

Xinhua, January 26, 2016 Adjust font size:

Volkswagen will expedite its plan to produce new-energy cars in China to tap in to the burgeoning market, according to Volkswagen China on Tuesday.

The announcement comes after data released by the German automaker showed that in 2015 sales on the Chinese mainland and Hong Kong slipped 3.5 percent to 3.55 million units.

Jochem Heizmann, CEO of Volkswagen China, said the company would roll out 15 new-energy models for the Chinese market in the next three to five years.

The German automaker has developed a new production platform specifically for electric cars. Endi