VW Unveiled New Group Strategy “TOGERTHER – Strategy 2025”; Plug-in Electric Car Sales Hot in China; Nissan Targets 2020 for Would-be First Ethanol Fuel Cell Vehicle
VW Unveiled New Group Strategy “TOGERTHER – Strategy 2025”
According to VW website, VW CEO Matthias Müller presented the strategy in Wolfsburg in May 16. The 2025 strategy has an emphasis on electrification. There will be over 30 “new e-vehicles” by then, with unit sales targeted at 2-3 million per year.
“TOGERTHER – Strategy 2025” is considered the company’s “biggest change process” in its history.
Plug-in Electric Car Sales Hot in China
Automotive News China Reported that 35,000 units of plug-in electric cars were sold in May in China, a 128% increase as compared with the same period last year.
In the first 5 months this year, electric car sales in China have reached 126,000 vehicles, or a 134% increase. As compared, electric car sales in the US are 52,404 for the same period.
Nissan Targets 2020 for Would-be First Ethanol Fuel Cell Vehicle
According to Reuters, Nissan is working on fuel cell technology that uses ethanol as the fuel. The company plans to launch the system in 2020.
Ethanol fuel cell can be cheaper than hydrogen fuel cell, since “ethanol is very easy to procure, it is safer to store and lower cost”.
The technology would enable a range of about 800 kilometers, which is more than the range of a regular gasoline car.