TECH - Volkswagen Targets China With Entry-Level Electric Vehicle Platform | Benzinga
In an effort to regain market dominance in China, Volkswagen (OTC:VWAGY) has announced plans to create a platform specifically for entry-level electric vehicles within the region.
What Happened: As reported by Reuters, Ralf Brandstaetter, Volkswagen’s China chief, announced the new architecture, known as the A-Main Platform, during a visit to the company’s EV development and procurement center in Hefei. This platform is designed to align with Chinese consumer preferences, including specific battery, electric drive, and electric motor requirements.
The A Main Platform, which is an evolution of the modular electric drive matrix (MEB), Volkswagen’s existing electric-only platform, will predominantly utilize Chinese suppliers. The company aims to have the platform market-ready by 2026, a development timeline that is a third faster than previous platforms.
Last year, Volkswagen lost its leading ...