Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

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

Published 11/10/2021, 03:47 PM
Updated 11/10/2021, 03:50 PM
© Reuters.
VOWG_p
-
NIO
-
LI
-
XPEV
-

By Sam Boughedda

Investing.com — In a post on LinkedIn, Herbert Diess, Chairman of the Board of Volkswagen Group (DE:VOWG_p), said the company now ranks third among all NEV manufacturers in China.

Shares of Volkswagen fell 1.7% on Wednesday.

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

He added that the company's ID.4 models were awarded top ratings in China's most important safety institutes. 

"The ID.4 X received "All Good" in a crash test by C-IASI and the ID.4 CROZZ achieved the best result ever at the side pole impact at the China Automotive Engineering Research Institute," he added.

The ID.4 has already received top safety ratings at the EU NCAP and US NHTSA. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.