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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 ...
SHANGHAI/BERLIN (Reuters) -Volkswagen will sell its operations in China's Xinjiang, it said on Wednesday, after years of mounting pressure to abandon its presence in a region where rights groups ...
By 2030, Volkswagen plans more than 30 new electric or hybrid models in China and hopes to boost sales to about 4 million, from about 3 million today, lifting its market share to 15%.
Volkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. ... The prospect of higher trade barriers underlines the importance of having the right strategy ...
Volkswagen may close factories in Germany for the first time, and BMW and Mercedes-Benz are struggling. Experts told BI that all three companies face slumping EV sales and brutal competition in China.
The joint venture is made up of equity from SAIC Motor (50%), Volkswagen AG (40%), Volkswagen (China) Invest (10%), with a fixed-term venture for 45 years up until 2030. [2] It is the first of three joint ventures operated by Volkswagen in China, alongside FAW-Volkswagen with FAW Group and Volkswagen Anhui with JAC Group.
Earlier this year, the Volkswagen Group, which includes Audi and Porsche, said it plans to launch 40 new models in China over the next three years and to have a lineup of 30 EVs by 2030.
Volkswagen also has three joint ventures in China, FAW-Volkswagen, SAIC Volkswagen and Volkswagen Anhui. The company has operations in roughly 150 countries, and it has 100 production facilities across 27 countries. Volkswagen was founded in Berlin in 1937 and incorporated in Wolfsburg to manufacture the car that would become known as the ...