Stock Groups

Volkswagen Ranks 3rd Among NEV Makers in China, Chairman Says -Breaking

by Mike Robinson

[ad_1]

© Reuters.

Sam Boughedda

Investing.com — Herbert Diess (CEO:), Chairman of Volkswagen Group’s Board, posted on LinkedIn that the company is now ranked third in China among NEV producers.

Volkswagen’s shares dropped 1.7% on Wednesday.

“With almost 13.000 e-cars sold in October, VW outperformed local competitors like Nio (NYSE:), Xpeng (NYSE:) or Li Auto Inc (NASDAQ:) and now ranks No.3 among all NEV manufacturers,” Diess posted. 

He also stated that ID.4 models received top scores from China’s leading safety institutes. 

His comments were that “The ID.4X received All Good in a Crash Test by C-IASI, and the ID.4 CROZZ obtained the best ever result at the Side Pole Impact at China Automotive Engineering Research Institute.”

The ID.4 already has top safety ratings from the EU NCAP as well as US NHTSA. 

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, buy/sell signal, and quotes. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]