Volkswagen to develop a hybrid automobile for Chinese market
The auto news has been dominated by hybrid relevant news in the current times. BMW, General Motors, and DaimlerChrysler are all involved in collaboration in developing such fuel-efficient vehicles as the prices of gasoline touch sky high. Honda and Toyota are at the advanced stages with multiple offerings already available in this market and they also are aiming for a more widespread availability of hybrid vehicles.
The latest news is related to German auto giant Volkswagen which has just signed on an agreement with Chinese partner SAIC (Shanghai Automotive Corporation) in China to develop their own hybrid automobiles in one of the fastest growing economies in this world. Both the companies would work together and aim to launch the developed products in time for the Beijing Olympic Games in 2008.
As per the reports, the new power train will initially be built into a Shanghai-built Touran, which is the van version of the very popular VW’s mass-market Golf. Also involved in the project will be the VW’s Wolfsburg research centre, SAIC in Shanghai and the city’s Tongji University. Even the market experts believe that the hybrids are expected to become very popular in the coming times as the oil prices and global pollution drives the old technology out.
PricewaterhouseCoopers predicted recently that the market should have an option of around 74 hybrid models worldwide by 2010. As of now, Toyota Prius remains the most popular hybrid vehicle on road today and the company is rapidly working on expanding the manufacturing capacities of this model.