VW sells 10,000 fewer electric cars in China as chip crisis hits deliveries
Volkswagen purchased 10,000 a lot much less electric autos in China than last yr’s forecast ensuing from a shortage of semiconductors to ship to shoppers in the largest markets in fierce rivals with dwelling producers.
Marque in Germany purchased 70,000 of its 5 flagship ID fashions, most of which had been launched in the earlier yr and had been centered for product sales of 80,000 to 100,000 in 2021.
Total, the VW Group, along with Audi and Porsche, delivered 3.3 million autos in China last yr, 14% decrease than in 2020.
“2021 was one of the crucial troublesome years in our historical past in China,” said Stephan Wöllenstein, a longtime boss of the group in China, who will resign later this yr.
“Our purchase order is completely glad, nonetheless we couldn’t match manufacturing and demand as a consequence of a shortage of semiconductors. As a results of case of Covid-19, we shut down the manufacturing unit (on our aspect and on the supplier aspect). Each) made the state of affairs even worse. “
FAW and SAIC’s two Volkswagen joint ventures in China have been the driving energy behind the Group’s growth for a few years, and the nation stays VW’s single largest and most worthwhile market. I’m.
Nevertheless, China’s revenues have declined significantly over the previous couple of years as automakers’ mass market merchandise face rivals from youthful dwelling producers such as BYD and Nice Wall Motors.
VW’s 5 new ID fashions didn’t promote as anticipated, agency executives instructed the Monetary Occasions that Chinese language patrons are specializing in brisker electric producers that don’t have something to do with standard car makers. ..
Consequently, VW has prepare a showroom with an emphasis on the ID mannequin and is rising on-line product sales with the aim of selling not lower than 140,000 ID fashions this yr.
Nevertheless, Wellenstein instructed journalists at a briefing on Tuesday that the aim amount was “not presently secured by the semiconductor provide we’re presently taking a look at,” nonetheless he’s assured of hitting it.
“Waiting for this yr, chip provide stays unstable in the primary half of the yr, however manufacturing is secure and a gradual restoration is predicted all year long,” he added.
Though VW’s electrical power product sales had been sluggish, luxurious producers Porsche, Bentley and Lamborghini set new info in 2021 with annual growth fees of seven.5%, 40% and 55%, respectively.
Porsche’s electric Taycan model surpassed the favored 911 model, with higher than 7,000 delivered, in comparability with 4,000 for the 911.