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Volkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Thomas Schäfer says VW wants to remain the biggest international automaker in the country.
Volkswagen Group China logo used from 2007-2023. Volkswagen Group China (VGC; 大众汽车(中国)) is the Chinese subsidiary of the German automotive concern Volkswagen Group in the People's Republic of China. Volkswagen Group China used to sell around 3 million cars (as of 2017) in the Chinese market [4] and until recently was largest car ...
China MQB Evo: A four-door coupe or a low-roof sedan for the Chinese market in the same segment as the Sagitar. Exclusively manufactured by SAIC-Volkswagen. Lavida: 2008 2018 China MQB A1: Sister model to the Bora. Has been Volkswagen's best selling model in China and typically the best selling sedan of all brands in China. [2]
Another EV price war threatens profitability. In China, the world's largest auto market, EV leaders BYD and Tesla are engaged in a bitter price war that initially weighed heavily on BYD's bottom line.
Jetta is a car brand created by the Volkswagen Group with its joint venture partner FAW Group in 2019. [1] The Volkswagen Jetta is a popular car in China, and the model forms the basis of the new company, with two additional SUV models joining the range. [2] The Jetta cars are built in Chengdu at an FAW-Volkswagen joint venture plant. [3]
VW had long been China’s best-selling automotive brand, but last year it was overtaken by Chinese rival BYD, which sells both EVs and plug-in hybrids but no longer produces traditional cars.
In China, the FAW-Volkswagen joint venture will produce and market the ID.6 Crozz, whereas SAIC-Volkswagen will build and market the ID.6 X with a slightly altered styling. [2] [3] As of April 2022, it is the second largest vehicle of the Volkswagen ID. series, and the second largest built on the MEB platform. [4]
GlobalData sees Volkswagen Group selling 717,000 EVs this year, giving it a global market share of 7% and putting it in fourth place behind Tesla, BYD and China’s SAIC Motor. The firm still sees ...