Volkswagen China EV Venture Has No New Models Planned for Two Years
Volkswagen's electric vehicle joint venture in China has no new models planned for 2027 or 2028, according to two people familiar with the situation, after demand for its ID. UNYX series fell far short of expectations. The money losing venture, Volkswagen Anhui, is 75 percent owned by Volkswagen in partnership with JAC and has yet to turn a profit since launching the UNYX brand in July 2024 for young urban buyers. It sold 11,360 UNYX vehicles in the first nine months of this year and aims to build 33,000, yet has set a target of 128,000 sales next year that one source called ambitious. Its Xpeng partnered ID. UNYX 08 SUV has sold far below target since April, and a crossover considered for 2028 is also on hold. Volkswagen says it will still introduce 30 new energy vehicle models in China through 2029 across its ventures.
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