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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 brand in China by sales [ 5 ] .
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.
FAW-Volkswagen Automobile Co., Ltd. is a joint venture between FAW Group and Volkswagen Group which manufactures Audi and Volkswagen marque passenger cars for sale in China. [1] It was founded on 6 February 1991. FAW-VW is headquartered in the south-western fringes of Changchun, Jilin Province, where it also has two vehicle assembly plants.
Xpeng and Volkswagen forged a partnership in 2023, when Volkswagen bought 4.99% of Xpeng for around $700 million with plans to jointly launch two Volkswagen-branded EV models by 2026.
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.
Competing against Chinese electric vehicles in China is no easy task. Just ask the CEO of Volkswagen.. The automaker "cannot keep up at the top of the table at the moment” in China’s EV sector ...
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.
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. [139] In 2019, 3.16 million Volkswagen-branded vehicles were delivered in the country. [140] The importance of the market has justified a significant amount of China-specific models.