STORY: China's booming NEV market provides opportunities for foreign automakers
DATELINE: July 13, 2023
LENGTH: 0:01:29
LOCATION: CHANGCHUN, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of cars
2. SOUNDBITE 1 (German): OLIVER BLUME, Chairman of the Board of Management of Volkswagen AG
3. SOUNDBITE 2 (Chinese): JIANG HUAISHENG, General Manager, Vitesco Automotive Electronics (Changchun) Co., Ltd.

STORYLINE:

The new energy vehicle (NEV) market in China has provided opportunities for foreign automakers.

The latest official figures show, in the first half of this year, China's NEV sales surged 44.1 percent year on year to nearly 3.75 million units.

Many global automakers are eyeing the potential of the consumer market in the NEV sector.

SOUNDBITE 1 (German): OLIVER BLUME, Chairman of the Board of Management of Volkswagen AG
"We have noticed that China's NEV market is growing rapidly. Volkswagen has very ambitious transformation goals. On the one hand, Volkswagen attaches great importance to sustainability. On the other hand, we also emphasize a new driving experience. We are willing to apply our successful experience in the past to the work of electric transformation, and now also apply to the Chinese market."

SOUNDBITE 2 (Chinese): JIANG HUAISHENG, General Manager, Vitesco Automotive Electronics (Changchun) Co., Ltd.
"We have great confidence in the Chinese market, especially in the NEV sector, China has been at the forefront. We will continue to invest and expand our production capacity."

Xinhua News Agency correspondents reporting from Changchun, China.
(XHTV)