There's hope for recovery after the coronavirus.
China was hardest hit by the Covid-19 pandemic to start, with numbers growing rapidly and the medical system paying the price. But a swift and brutal lockdown has seen the Asian country finally seem to get a handle on the situation. In the last few weeks, we've witnessed a return to normalcy, with car showrooms opening their doors to the public once more, and recent reports suggest that people are ready to buy cars and celebrate their freedom once more. The Volkswagen Group has a massive showing in the Chinese market and has seen what it calls "clear signs of business recovery", boding well for the rest of the world's motor industry, as well as VW's own hopes of producing the VW ID.4 electric crossover.
All 2,000 dealerships falling under the Volkswagen brand umbrella have opened their doors and shoppers are flocking back to the showroom floors. VW Group China CEO, Stephan Wollenstein has even suggested that the group may recover fully, citing that "the Chinese car market could reach last year's level in early summer." He also suggested that the VW Group still has an exciting year ahead in the market, stating that, "This year, MEB production will begin and the Volkswagen ID. family will debut in China" in which it's expected to be a top seller.
The Chinese market is key to the future of the Volkswagen Group's EVs, as in the second half of the year two plants will begin production of all the electric models built on the MEB electric vehicle platform. Between these two production facilities in Foshan and Anting, 600,000 EVs a year will be produced, which will pave the way for the introduction of the VW ID. family of electric cars, which includes the ID.4 electric crossover. The Chinese production facilities will also be responsible for the manufacturing of the Audi e-tron, with production slated to begin before the end of the year in Changchun.