Volkswagen Group brings products to market faster in China – development time reduced by around 30 percent

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Robin Aschhoff
Robin Aschhoff
Volkswagen Group China | International Communications
Dr. Christoph Ludewig
Dr. Christoph Ludewig
Head of International Communications Volkswagen Group China
Volkswagen Group brings products to market faster in China – development time reduced by around 30 percent
  • Volkswagen invests around EUR 1 billion to establish a new centre for development, innovation, and procurement for fully connected electric cars, with headquarters in Hefei          
  • New company – project name ‘100%TechCo’ – combines vehicle and component R&D and procurement and will reduce development times for new products and technologies by around 30 percent           
  • 100%TechCo integrates state-of-the-art technologies from local suppliers into the development process at an early stage, to adapt vehicles even faster to the wishes of Chinese customers           
  • Ralf Brandstätter, Group Board Member for China: "The establishment of 100%TechCo is an important step of our ‘in China, for China’ strategy. By consistently bundling development and procurement capacities as well as integrating local suppliers at an early stage, we will significantly accelerate our development pace. This will also strengthen the efficiency of cooperation for our joint venture and increase our profitability."

Beijing and Shanghai. The Volkswagen Group is systematically expanding its development expertise ‘in China for China’. The company is investing around EUR 1 billion in a new state-of-the-art development, innovation, and procurement centre for fully connected intelligent electric vehicles in the southern Chinese city of Hefei. The announcement was made today by the Volkswagen Group at the Shanghai Auto Show. The new company, with the project name ‘100%TechCo’, combines vehicles and components R&D teams with purchasing. This will leverage synergies in the development process and integrate state-of-the-art local technologies into product development at an early stage. The aim is to align the Group’s vehicles even more quickly with the wishes of Chinese customers and to achieve shorter time to market. With the launch of 100%TechCo in 2024, the development times of new products and technologies will be gradually shortened by around 30 percent.

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