HAMBURG -- Volkswagen Group CEO Herbert Diess will take on responsibility for the automaker's business in China in addition to his other duties.
The direct assignment of responsibility to Diess takes account of the growing importance of the Chinese market and the high pace of technological development in China, VW said in a statement on Friday.
China is increasingly setting global standards in the fields of e-mobility, connectivity, automated driving and shared mobility, VW said.
Diess will take over the China role in January from Jochem Heizmann, who will retire.
Stephan Woellenstein, 55, CEO of Volkswagen China Passenger Cars and executive vice president of Volkswagen China Investment Company, will manage business operations in China as CEO, VW said.
