Volkswagen misses sales targets for ID electric cars in China

Volkswagen AG sales of its ID electric cars in China has fallen short of its targets.

Volkswagen sold 70,625 of its ID electric vehicles in China last year, missing its goal of selling 80,000 to 100,000 cars.

Volkswagen was pulled by supply chain constraints, including a global chip shortage that impacted production.

The ID series is a product of Volkswagen joint ventures with China’s SAIC Motor and FAW Group.