W is Having Some Success with Its China Joint Venture

In 2024, the company sold a record 130,222 ID electric vehicles, an increase of 24% from 2023. SAIC-Volkswagen said its ID family secured “the title of joint venture pure electric sales champion.” The ID.3 led the way as the top-selling joint venture EV and A-class hatchback in China last year.

Volkswagen’s ID.3 competes with other top-selling EV models in China, like the BYD Dolphin. BYD’s Dolphin EV starts at around $13,700 (99,800 yuan). Meanwhile, after slashing prices last year, the ID.3 now starts at around $17,800 (129,888 yuan).

“JV” is the important escape clause in that bit of PR. All the Chinese JVs have been losing share to the purely Chinese companies.

Steve

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