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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 ...
The Volkswagen Lavida was the best-selling sedan in China. Until 2022, Volkswagen was a market leader in China, the largest single automotive market in the world. [142] In 2019, 3.16 million Volkswagen-branded vehicles were delivered in the country. [143] The importance of the market has justified a significant amount of China-specific models.
American Motors Corporation (AMC) and Volkswagen were among the early entrants, signing long-term contracts to produce vehicles in China. This led to the gradual localization of automotive components, and the strengthening of key local players such as SAIC , FAW , Dongfeng , and Changan , collectively known as the "Big Four".
It also consists of global products and regional products, specifically for large markets including Europe, China and Latin America. Volkswagen AG annual report in 2022 reported that the best-selling model under the Volkswagen brand globally was the Tiguan , followed by the B-segment range of Polo , Virtus , Nivus and Taigo , and Passat/Magotan .
Volkswagen, for example, has already established two joint ventures (being FAW, SAIC) since 1980s, established its third joint venture VW-JAC. Below is a list of major car company joint ventures ever existed in mainland China (truck and coach JVs not included).
This list of Volkswagen Group factories details the current [1] ... Volkswagen) Asia, China: Ningbo, Zhejiang Province: Škoda Karoq. Škoda Octavia. VW Lamando L. VW ...
In July 2023, Volkswagen Group announced its investment of $700 million in XPeng, the EV startup venture from China, for purchasing 4.99% stake of the company. The VW will collaborate with XPeng to develop two VW brand electric models for the mid-size segment in the Chinese market in 2026.
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.