China's booming NEV market provides opportunities for foreign automakers

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China's booming NEV market provides opportunities for foreign automakers

STORY: China's booming NEV market provides opportunities for foreign automakers DATELINE: July 13, 2023 LENGTH: 0:01:29 LOCATION: CHANGCHUN, China CATEGORY: ECONOMY SHOTLIST: 1. various of cars 2. SOUNDBITE 1 (German): OLIVER BLUME, Chairman of the Board of Management of Volkswagen AG 3. SOUNDBITE 2 (Chinese): JIANG HUAISHENG, General Manager, Vitesco Automotive Electronics (Changchun) Co., Ltd. STORYLINE: The new energy vehicle (NEV) market in China has provided opportunities for foreign automakers. The latest official figures show, in the first half of this year, China's NEV sales surged 44.1 percent year on year to nearly 3.75 million units. Many global automakers are eyeing the potential of the consumer market in the NEV sector. SOUNDBITE 1 (German): OLIVER BLUME, Chairman of the Board of Management of Volkswagen AG "We have noticed that China's NEV market is growing rapidly. Volkswagen has very ambitious transformation goals. On the one hand, Volkswagen attaches great importance to sustainability.

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