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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.
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.
About 21.7 million new vehicles were sold in China last year, per the China Passenger Car Association figures, compared with about 15.6 million in the US and 10.5 million in Europe.
Volkswagen is among many foreign automakers that have been caught flat-footed by an electric vehicle boom in China that has shaken up the market, the world’s largest, over the last three years.
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 ...
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.
Volkswagen on Monday announced its board member Thomas Ulbrich will take over as head of technical development in China. "Thomas Ulbrich, Member of the Board of Management for New Mobility at the ...