Latest news with #FAWGroup
Al Bawaba
18-05-2025
- Automotive
- Al Bawaba
Toyota launches its first smart electric car in China
Published May 18th, 2025 - 08:17 GMT ALBAWABA – Toyota, the Japanese multinational automotive manufacturer, has launched its first smart electric car in China. The BZ5 is the result of a collaboration between Toyota and FAW Group, a Chinese state-owned automobile manufacturer. Also Read Skylira: Lebanon's new electric car coming soon to market Toyota's BZ5 electric car FAW Toyota Motor Co., Ltd., formerly known as Tianjin FAW Toyota Motor Co., Ltd., officially launched Toyota's new BZ5 electric car in China. Notably, the BZ5 is the 12 millionth vehicle produced by the company and was manufactured through a joint venture between Japan's Toyota Motor Corporation and China's leading automaker, FAW Group. The BZ5 is the result of a collaboration between Toyota and FAW Group, a Chinese state-owned automobile manufacturer. (Toyota) The new BZ5 features a panoramic sunroof and a 15.6-inch high-resolution touchscreen. It is also equipped with Toyota's new intelligent driving assistance system, Toyota Pilot, which offers more than 30 functions—including navigation assistance for both urban and highway driving, as well as automated parking, according to Xinhua News Agency, the official state news agency of the People's Republic of China. Toyota is optimistic about this release in the Chinese market, as it anticipates launching the model in other global markets as well. Notably, the company's plant in China manufactured more than 258,000 units, with a total value of $7.5 billion (54 billion yuan). From January to April 2025, Toyota produced nearly 35,900 vehicles, a year-on-year growth of 34%. © 2000 - 2025 Al Bawaba (
Yahoo
22-03-2025
- Automotive
- Yahoo
Volkswagen's Fight for Relevance in China: Can 11 New Models Turn the Tide?
Volkswagen, once the dominant foreign automaker in China, is struggling to keep pace in the country's rapidly evolving electric vehicle (EV) market. In a bid to claw back market share, the German automaker and its joint venture partner FAW Group have announced plans to launch 11 new models tailored for Chinese consumers. The lineup, which includes six EVs, two plug-in hybrids, and two range-extended EVs, marks a major push by Volkswagen to stay relevant in an increasingly tech-driven market. For decades, Volkswagen enjoyed an iron grip on the Chinese market, selling everything from budget-friendly sedans to luxury Audis. However, the rise of homegrown automakers like BYD has disrupted the status quo. Chinese consumers, who once viewed Volkswagen as a symbol of quality and prestige, are now gravitating toward local brands that offer cutting-edge EV technology at competitive prices. One of Volkswagen's biggest hurdles is China's state-backed EV sector. Companies like BYD benefit from government subsidies, allowing them to sell EVs at significantly lower prices. Volkswagen, unwilling to slash prices at the same rate, has seen its market share erode. The company's global deliveries dropped last year, including a 9.5% slump in China, where economic headwinds and fierce competition are reshaping the landscape. To counteract these losses, Volkswagen is doubling down on its China strategy. The upcoming models will feature high-performance digital capabilities, including autonomous driving features and over-the-air software updates — features that Chinese consumers have come to expect from EVs. Additionally, Volkswagen has been working with Xpeng, a Chinese EV manufacturer, to accelerate its transition to electrification. The automaker is also focusing on hybrid and extended-range vehicles, which remain popular in China due to concerns over charging infrastructure. Despite these efforts, Volkswagen faces a difficult road ahead. The company has been slow to adapt to China's shifting demand for hybrid and electric vehicles, allowing competitors to seize market share. Meanwhile, an ongoing price war — driven by aggressive discounts from BYD and other Chinese manufacturers — has made it even harder for Volkswagen to compete. The automaker is aiming to sell four million vehicles annually in China by 2030, with plans to roll out approximately 40 new models between 2025 and 2027. However, the success of this strategy will depend on whether Volkswagen can convince Chinese consumers that its EVs are not just competitive but superior to homegrown alternatives. Volkswagen's dominance in China is no longer guaranteed. The company's latest push, centered on new models and advanced technology, is an ambitious attempt to turn things around. But with domestic EV makers rapidly gaining ground, Volkswagen must move faster and innovate more aggressively if it hopes to reclaim its position in the world's largest auto market.
Yahoo
22-03-2025
- Automotive
- Yahoo
Volkswagen's Fight for Relevance in China: Can 11 New Models Turn the Tide?
Volkswagen, once the dominant foreign automaker in China, is struggling to keep pace in the country's rapidly evolving electric vehicle (EV) market. In a bid to claw back market share, the German automaker and its joint venture partner FAW Group have announced plans to launch 11 new models tailored for Chinese consumers. The lineup, which includes six EVs, two plug-in hybrids, and two range-extended EVs, marks a major push by Volkswagen to stay relevant in an increasingly tech-driven market. For decades, Volkswagen enjoyed an iron grip on the Chinese market, selling everything from budget-friendly sedans to luxury Audis. However, the rise of homegrown automakers like BYD has disrupted the status quo. Chinese consumers, who once viewed Volkswagen as a symbol of quality and prestige, are now gravitating toward local brands that offer cutting-edge EV technology at competitive prices. One of Volkswagen's biggest hurdles is China's state-backed EV sector. Companies like BYD benefit from government subsidies, allowing them to sell EVs at significantly lower prices. Volkswagen, unwilling to slash prices at the same rate, has seen its market share erode. The company's global deliveries dropped last year, including a 9.5% slump in China, where economic headwinds and fierce competition are reshaping the landscape. To counteract these losses, Volkswagen is doubling down on its China strategy. The upcoming models will feature high-performance digital capabilities, including autonomous driving features and over-the-air software updates — features that Chinese consumers have come to expect from EVs. Additionally, Volkswagen has been working with Xpeng, a Chinese EV manufacturer, to accelerate its transition to electrification. The automaker is also focusing on hybrid and extended-range vehicles, which remain popular in China due to concerns over charging infrastructure. Despite these efforts, Volkswagen faces a difficult road ahead. The company has been slow to adapt to China's shifting demand for hybrid and electric vehicles, allowing competitors to seize market share. Meanwhile, an ongoing price war — driven by aggressive discounts from BYD and other Chinese manufacturers — has made it even harder for Volkswagen to compete. The automaker is aiming to sell four million vehicles annually in China by 2030, with plans to roll out approximately 40 new models between 2025 and 2027. However, the success of this strategy will depend on whether Volkswagen can convince Chinese consumers that its EVs are not just competitive but superior to homegrown alternatives. Volkswagen's dominance in China is no longer guaranteed. The company's latest push, centered on new models and advanced technology, is an ambitious attempt to turn things around. But with domestic EV makers rapidly gaining ground, Volkswagen must move faster and innovate more aggressively if it hopes to reclaim its position in the world's largest auto market.
South China Morning Post
17-03-2025
- Automotive
- South China Morning Post
Volkswagen to launch 11 new models in China as it targets 4 million units by 2030
Volkswagen and its long-standing partner FAW Group will launch 11 new models exclusively for the Chinese market as it seeks to shore up declining market share in the world's biggest car market. Advertisement The line-up includes six electric vehicles (EV), two plug-in hybrids and two range-extended EVs under the Volkswagen brand, which will be introduced to China starting in 2026, the company said in a statement on Monday that details a new strategic agreement between the carmakers. The first electric model of the Jetta brand will be released next year to tap into rising demand for EVs, with a focus on the entry-level market, it said. The new models will come with high-performance digital features, such as autonomous driving capabilities and over-the-air updates, VW said. Beyond electrification, Volkswagen will incorporate its engine technologies in future internal-combustion engine, plug-in hybrid and extended range models, it said. 12:53 'Overtaking on a bend': how China's EV industry charged ahead to dominate the global market 'Overtaking on a bend': how China's EV industry charged ahead to dominate the global market Volkswagen is seeking to win back market share it's lost to domestic carmakers like BYD that focus on swiftly manufacturing tech-laden EVs that are popular with Chinese drivers. The German parent of brands including Audi, Skoda and Porsche saw global deliveries drop last year, including a 9.5 per cent slump in China where competition has intensified and economic headwinds are weighing on consumer spending. The new technology set up, exclusively tailored to China, will enable the company's joint ventures to respond more quickly and 'effectively to new customer requirements and market changes in the future', Volkswagen's China head Ralf Brandstaetter said in the statement. Tech is a core focus for the carmaker's plans in China, and it's already partnering with Xpeng on software and ultra-fast charging. Volkswagen is targeting sales of 4 million vehicles annually in China by 2030. It's set to roll out nearly 40 new models between 2025 and 2027, more than half of which will be EVs. Advertisement
Bloomberg
17-03-2025
- Automotive
- Bloomberg
VW to Launch 11 New Models in China to Claw Back Market Share
Volkswagen AG and its long-standing partner FAW Group will launch 11 new models exclusively for the Chinese market as it seeks to shore up declining market share in the world's biggest auto market. The line up includes six electric vehicles, two plug-in hybrids and two range-extended EVs under the Volkswagen brand, which will be introduced to China starting in 2026, the company said in a statement on Monday that details a new strategic agreement between the carmakers. The first electric model of the Jetta brand will be released next year to tap into rising demand for EVs, with a focus on the entry-level market, it said.
