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Volkswagen Group China (VGC; Chinese: 大众汽车集团（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].
Volkswagen Group China has operated since 1984 in China, with the establishment of joint venture SAIC Volkswagen followed by FAW-Volkswagen in 1991 and JAC in 2017. [41] Independent unions in China are banned, with the All-China Federation of Trade Unions (ACFTU) being the only permitted one.
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.
The Volkswagen Group, which includes Audi and Porsche, plans to launch 40 new models in China over the next three years and to have a lineup of 30 EVs by 2030. (AP Photo/Ng Han Guan) (ASSOCIATED ...
On Monday, its top union official said the company was planning factory closures in Germany for the first time, along with pay cuts and layoffs. The Golf and Polo maker is one of Germany's biggest ...
The Volkswagen Group sells passenger cars under the Audi, Bentley, Cupra, Jetta, Lamborghini, Porsche, SEAT, Škoda and Volkswagen brands, motorcycles under the Ducati name, light commercial vehicles under the Volkswagen Commercial Vehicles brand, and heavy commercial vehicles via the marques of the listed subsidiary Traton (International ...
In July 2023, Audi and SAIC announced their partnership that the EV platform from IM Motors, the brand of SAIC, will be introduced into Audi's electric models. [ 39 ] 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.
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