U.S. markets open in 5 hours 17 minutes
  • S&P Futures

    4,401.75
    +7.00 (+0.16%)
     
  • Dow Futures

    34,726.00
    +36.00 (+0.10%)
     
  • Nasdaq Futures

    15,090.25
    +16.75 (+0.11%)
     
  • Russell 2000 Futures

    2,197.40
    +5.70 (+0.26%)
     
  • Crude Oil

    68.22
    +0.07 (+0.10%)
     
  • Gold

    1,815.10
    +0.60 (+0.03%)
     
  • Silver

    25.45
    -0.01 (-0.02%)
     
  • EUR/USD

    1.1847
    +0.0004 (+0.04%)
     
  • 10-Yr Bond

    1.1840
    0.0000 (0.00%)
     
  • Vix

    17.73
    -0.31 (-1.72%)
     
  • GBP/USD

    1.3918
    +0.0033 (+0.24%)
     
  • USD/JPY

    109.5800
    +0.1120 (+0.10%)
     
  • BTC-USD

    38,901.80
    +1,028.56 (+2.72%)
     
  • CMC Crypto 200

    962.81
    +36.05 (+3.89%)
     
  • FTSE 100

    7,126.69
    +2.83 (+0.04%)
     
  • Nikkei 225

    27,728.12
    +144.04 (+0.52%)
     

Volkswagen expects China EV sales to soar in H2

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
FILE PHOTO: A Volkswagen logo is seen in Shanghai
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

FRANKFURT (Reuters) - Volkswagen expects sales of its ID series of electric vehicles in China -- the world's largest car market -- to pick up significantly in the second half of the year, Chief Executive Herbert Diess said on Thursday.

By the end of the year, Volkswagen wants to sell between 80,000 and 100,000 of the series in China, Diess said, adding sales were expected to double to 6,000 in July from 3,000 in June.

In the first half, deliveries of battery electric vehicles (BEV) in China more than doubled to 18,285, but accounted for just 10.7% of global BEV deliveries.

(Reporting by Christoph Steitz, editing by Thomas Escritt)