VW targets China comeback as first model with Xpeng starts mass production

Yahoo Finance
2026.03.13 05:37
portai
I'm PortAI, I can summarize articles.

Volkswagen has commenced mass production of its first model, the ID. UNYX 08, developed in collaboration with Chinese EV maker Xpeng, as part of its strategy to regain market share in China. The full-size electric SUV is central to Volkswagen's plan to launch over 20 new models this year, aiming to compete with local rivals like BYD and Geely. The company emphasizes a 'in China, for China' approach, with faster development times and a total of 50 new energy vehicles planned by 2030. The ID. UNYX 08 will be available in the first half of the year, with a second model expected later.