SHANGHAI, June 22 (Reuters) – Volkswagen AG’s (VOWG_p.DE) ID series – the backbone of its electric vehicle ambitions – is off to what even company sources call a worryingly slow start in China.
Sales in May of two ID.4 electric SUV models, launched only two months earlier, came to a mere 1,213 combined. And that was about 200 fewer than in April, according to auto consultancy LMC.
The sales fall far short of initial hopes, four people with knowledge of the matter said, and what some other automakers have achieved with early sales of flagship EV offerings in the world’s largest auto market.
Volkswagen’s venture with state-owned SAIC Motor (600104.SS), which makes the slightly bigger ID.4 X model, had been targeting sales of 50,000-60,000 vehicles this year, according to comments by Yang Siyao, a company marketing executive, in Chinese media in March.
A separate venture between the world’s…