News Snapshot:
SHANGHAI/BEIJING (Reuters) -Volkswagen China on Friday stuck to its goal of doubling sales of its ID series of electric vehicles this year despite COVID-19 disruptions, with its chief calling the target “promising”. The ID series, which Volkswagen produces at its Chinese joint ventures with SAIC Motor (600104.SS) and FAW Group, is the backbone of its electric vehicle [EV) ambitions in China, the world’s largest auto market. VW is expecting to deliver 15,000 to 20,000 of the ID cars per month in the upcoming months, Stephan Wollenstein, the company’s China CEO told a media briefing on Friday. “We hope that we...
