By Nathan Allen
Volkswagen AG (VOW.XE) said Monday that it is accelerating efforts to increase its presence in China's electric-vehicles market, rolling out new models and launching a joint venture to develop charging infrastructure.
The German auto maker said it expects to produce 11.6 million electric vehicles a year in China by 2028, more than half its projected total output of 11 million.
Volkswagen said it will launch a joint venture with Star Charge, JAC and FAW Car Co. Ltd. (000800.SZ) to develop charging infrastructure.
Private charging wall boxes should be available by the end of the year, while the group also aims to offer a wide network of public charging stations, Volkswagen said.
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(END) Dow Jones Newswires
April 15, 2019 09:03 ET (13:03 GMT)
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