Volkswagen will follow Tesla, BMW and other automakers in exporting electric vehicles from China to Europe, citing limited production capacity in its home market.
Volkswagen’s sporty Spanish brand Cupra will produce the Tabascan, its first all-electric SUV, at one of the joint venture’s plants in Anhui province, Volkswagen said.
The compact Tabascan, which uses the same MEB platform as the VW ID series, will be released in Europe in 2024.
“The Anhui plant was a factory with the right capacity and technology at the time of production planning,” VW said in a statement on Friday, adding that it has no plans to produce other vehicles for export in China.
VW is working on a five-year financial plan, deciding which new models will be produced at which plants and how much money will be invested in those locations by the mid-2010s. These decisions hinge on the launch of the software platform for upcoming electric models, which the company has repeatedly had to postpone.
Electric models already shipping from Chinese factories to European showrooms include Tesla’s Model 3, BMW’s iX3 and Renault’s Dacia Spring.
PwC recently predicted that automakers will sell 800,000 cars imported into Europe from China.