亚博汇Volkswagen to invest 1 billion euros to build whollyQQowned tech firm in China
亚博汇Volkswagen to invest 1 billion euros to build whollyQQowned tech firm in China
China is an innovation-driven market, and we need to accelerate the pace. This includes expanding our engineering and software development capabilities, improving Volkswagens independent decision- ability in the Chinese RD system, shortening decision- processes, and increasing localization efforts, Blume told NBD. With the operation of 100% TechCo in 2024, the development cycle of Volkswagens new products and technologies will gradually shorten by about 30%.
Volkswagen will hold a 100% stake in the new company, Volkswagen Groups Chairman Oliver Blume said to National Business Daily (NBD). The reason why Volkswagen establishes a new company is because the carmaker sees the rapid development of the Chinese automotive market and hopes to run ster in the new race like an athlete.
Local suppliers will be able to participate in the early stages of product development and integrate the most advanced technologies and application solutions into new products. In addition, through the new company, the RD projects of SAIC Volkswagen, FAW-Volkswagen, and Volkswagen Anhui will achieve closer collaboration, Blume said. The new company will work with CARIAD to establish a cooperation mechanism and play a collaborative effect. CARID is a software company under Volkswagen Group.
Photo provided by Volkswagen
Marcus Hafkemeyer revealed that the first step of 100%TechCo will coordinate the development of Volkswagen Anhuis MEB platform models and be responsible for developing functions and modules of platforms focusing on electric commute and meeting the needs of the Chinese market. The new company will play a key role in the development process of the new Volkswagen models slated for launch in 2024.
It is reported that the new company will be put into operation in early 2024 and will have more than 2,000 employees in the procurement and RD fields. Marcus Hafkemeyer, Chief Technology Officer of Volkswagen Group (China), will serve as the CEO of the new company.
In this era of great changes in the automotive industry, it is very important to move forward with an open attitude and partners, Blume said.
According to Volkswagen, the new entity, with a project name of 100% TechCo, will focus on vehicle development, component development, and procurement functions to enhance the collaborative effect in the development process and introduce advanced local technologies into the early stages of product development, so as to better respond to the needs of Chinese customers and promoting ster product launches.
Volkswagen announced on April 18 that it will invest approximately 1 billion euros to establish a RD, innovation and procurement center for intelligent connected electric vehicles in Hefei.
