During his visit to Chile, Alexander Seitz, Executive Chairman of VW South America, shared the company’s plans for the country. These plans include increasing vehicle sales in Chile and entering the domestic electric car market starting next year. Seitz emphasized the importance of the Chilean market for VW, ranking second only to Brazil. The executive also mentioned the company’s goal of reaching a market share above 5% in the long term. To achieve this, VW is analyzing the electric vehicle market and considering launching the ID.4, their electric SUV, in Chile in 2024. Seitz believes that the progress of electromobility in Chile will be faster than in Brazil due to the existing charging infrastructure and the government’s focus on electromobility. He expressed confidence in the Chilean economy and stated that VW will continue its long-standing relationship with the country. For more information on investment opportunities in Chile, refer to the article provided.
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