Volkswagen
said on Friday it will develop a new platform for
entry-level electric vehicles in China and use more local
components to lower costs, as the German company seeks to regain
lost ground in.
VW EV: Derived from the so-called modular electric drive matrix (MEB), Volkswagen s existing electric-only platform in use since 2019, it will primarily use Chinese suppliers and should be ready for market in 2026, a third faster than previous platform development times, he added.