Volkswagen’s three way partnership with SAIC Motor was once more the top-selling JV model in China. With over 130,000 electrical ID automobiles bought in China final 12 months, the SAIC-Volkswagen ID sequence additionally secured the best-selling three way partnership EV sequence.
Volkswagen ID was the top-selling EV sequence in China
SAIC-Volkswagen launched 2024 gross sales figures, revealing over 1.2 million automobiles bought final 12 months. Over 1.14 million have been the VW model, making it China’s top-selling three way partnership model.
After launching the “new ID household sensible fashions ” with extra choices and decrease costs within the second half of the 12 months, SAIC-VW mentioned its EV fashions have been seeing larger demand.
In 2024, the corporate bought a document 130,222 ID electrical automobiles, a rise of 24% from 2023. SAIC-Volkswagen mentioned its ID household secured “the title of three way partnership pure electrical gross sales champion.” The ID.3 led the best way because the top-selling three way partnership EV and A-class hatchback in China final 12 months.
Volkswagen’s ID.3 competes with different top-selling EV fashions in China, just like the BYD Dolphin. BYD’s Dolphin EV begins at round $13,700 (99,800 yuan). In the meantime, after slashing costs final 12 months, the ID.3 now begins at round $17,800 (129,888 yuan).
Different EV fashions from SAIC-VW’s ID household embrace the ID 4 X and ID 6 X, each of which obtained new “Good Editions” final 12 months. The ID 4 X begins at about $22,000 (159,888 yuan), whereas the bigger ID 6 X SUV begins at roughly $35,500 (259,888 yuan).
Like most legacy automakers, Volkswagen has struggled to maintain up in China with a wave of low-cost home rivals hitting the market.
BYD bought practically 510,000 passenger automobiles in December, its third straight month with over 500K in gross sales. Regardless of an aggressive year-end gross sales push, BYD’s 1.76 million EVs bought in 2024 have been simply shy of Tesla, which delivered over 1.78 million automobiles final 12 months.
Because it appears to beat a wave of latest rivals, BYD and different Chinese language EV leaders are slashing costs and introducing new gross sales promotions.
Legacy automakers, like Volkswagen, Toyota, Honda, Nissan, GM, and several other others, are being squeezed out of the market.
In November 2024, Volkswagen prolonged its 40-year partnership with SAIC Motor till 2040. Because it appears to show issues round, VW is advancing its “In China, for China” technique with a brand new era of EVs set to launch by 2026.
SAIC-VW plans to launch two EVs based mostly on its new CMP platform as early as 2026. The corporate can even introduce three plug-in hybrids and two-range extender variants for the primary time. By 2030, SAIC-VW will launch 18 new fashions, 15 of which can be developed solely for China.
The Volkswagen Group will carry 40 new fashions to the Chinese language market over the subsequent three years alone. Half of them can be electrified. By 2030, the group plans to supply over 30 electrical automobiles in China.
Supply: CarNewsChina, SAIC-VW
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