Remove Automobile Industry Remove China Remove Financing Remove Market
article thumbnail

EIA: China promoting both fuel efficiency and alternative-fuel vehicles to curb growing oil use

Green Car Congress

Consumption of gasoline in China grew from 0.9 This continues a trend of significant growth in China’s transportation sector since the 1990s. Increasing oil demand is requiring increasing imports; since 2009, China has been importing more than half of its petroleum needs. China vehicle sales and gasoline consumption.

article thumbnail

Volkswagen Adding 1.6B to Investment for China; 6B Total

Green Car Congress

In view of the dynamic development of the Chinese automobile market, Volkswagen has added €1.6 billion) to its current investment program for China. Growth in the Chinese automobile market has exceeded everyone's expectations”. billion) in its activities in China. billion) in its activities in China.

China 186
article thumbnail

Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

Green Car Congress

The Volkswagen Group is set to continue its growth in China over the next few years. billion) in new products and the expansion of production capacities in China. The investments are to be financed from the cash flow of the Chinese joint venture companies. Winfried Vahland, President and CEO of Volkswagen Group China.

China 210
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China is targeting the cumulative production and sales of more than 5 million new energy vehicles, including fuel cell vehicles, by that time as well. Natural gas and other alternative fuel vehicle technology is basically mature, the government said, and is headed toward initial industrialization. L/100km (40 mpg US) or less.

article thumbnail

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

Winterkorn noted that the industry is experiencing its worst crisis in decades, with a collapse in the global market of 18% in the first half of this year. Volkswagen is Europe’s largest automaker, and saw its global new vehicle market share increase to 11% during the first quarter of 2009. We have rock-solid finances.

2013 150
article thumbnail

GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

And what we want to do is make sure we launch the car well, that we get the maximum learning from it, that its successful in the market so that when we get to Gen 2, weve got the most cost out of it we can." Posted by: Michael | Apr 13, 2009 5:03:10 PM Battery and technology in the EV1 could not have made it in the market.

Volt 41