About: http://data.cimple.eu/news-article/0470d7ac7c43839771f0702dc5337fe229b47cf20a4691d5471acf37

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About: http://data.cimple.eu/news-article/0470d7ac7c43839771f0702dc5337fe229b47cf20a4691d5471acf37 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	German car giant Volkswagen on Monday announced a fresh 15 billion euro ($17.5 billion) splurge on China's vast electric vehicle potential. Global car makers are pegging hopes on an increasingly electric future with China at the forefront as a customer base and manufacturing hub. Beijing has targeted a 25 percent adoption of energy-saving vehicles by 2025. Volkswagon's committment -- made with its three Chinese joint ventures -- see the firm double down on EV car manufacturing and the linked infrastructure between 2020 and 2024 and takes its total investment in the sector to nearly 40 billion euros. China accounts for around 40 percent of the Wolfsburg-based automaker's sales and has become the world's largest car market in recent years. The group's stable of 12 brands includes names such as Porsche and Audi. Fifteen "models across the group's brands will be produced locally in China" by 2025 Volkswagen said in a statement and "35 percent of its product portfolio in the country will be electrified models." Earlier this month, Chinese President Xi Jinping vowed the country would go carbon neutral by 2060, pledging to reach peak emissions in 2030. Production at two new dedicated "MEB" facilities in China -- a battery-powered platform forming the basis for a whole range of vehicles -- will begin next month. Locally-produced new energy vehicles in China will be equipped with batteries from Chinese supplier CATL from this year. But questions hang over the viability of expensive EVs in a vast country which will require huge investment in charging points to turn buyers from gas cars. bys/apj/cdw
schema:headline	Volkswagen to pump 15 bn euros into China's electric cars
schema:mentions	Carbon neutrality World energy consumption Porsche President of the People's Republic of China Electric vehicle USA Gymnastics Volkswagen Xi Jinping China Contemporary Amperex Technology Splurge Volkswagen Group CDW Government of China
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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