Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Volkswagen's Cariad launches subsidiary in China

April 29, 2022


Abstract : German carmaker Volkswagen Group's new software company Cariad on Thursday launched its first subsidiary outside of Europe in China, reported Chinanews.com.

pic.jpg

One of the first ten Volkswagen autonomous-driving electric cars to be tested in early 2021 in Hefei, Anhui Province, Aug. 26, 2020. (Xinhua/Liu Fangqiang)

BEIJING, April 29 (Xinhua) -- German carmaker Volkswagen Group's new software company Cariad on Thursday launched its first subsidiary outside of Europe in China, reported Chinanews.com.

Facing the biggest single market of Volkswagen, the Chinese team of Cariad will promote the development of customized software for local consumers. 

"China is one of the world's most exciting and promising markets," said Dirk Hilgenberg, Cariad's chief executive officer (CEO), noting that the launch of the China subsidiary is a reflection of the company's solid commitment to the Chinese market and consumers.

Chinese consumers are showing increasing demand for new features and new experiences, as China is now a world leader in terms of digital application and innovation, said Chang Qing, CEO of Cariad's subsidiary in China. The Chinese team allows the brand to more rapidly respond to local demands and expectations, developing and upgrading the products at a "China speed", Chang said, noting that the team will also work with other Chinese partners under the Volkswagen Group to provide consumers with software-oriented mobility solutions.

The China subsidiary will also work with the headquarter in Europe to develop a scalable software platform that applies to all Volkswagen brands, in a bid to meet specific needs of various markets. The platform is expected to be launched by around 2025, supported by Level 4 autonomous driving technology.

Striving to strengthen the R&D capability of the China subsidiary, Cariad is building up a nationwide R&D network gathering talents in cities such as Beijing, Shanghai, Chengdu and Hefei.

(Edited by Yu Huichen with Xinhua Silk Road, yhc0267@163.com)

Scan the QR code and push it to your mobile phone

Keyword: Volkswagen Chinese market Cariad

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial