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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 ] .
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%.
GlobalData sees Volkswagen Group selling 717,000 EVs this year, giving it a global market share of 7% and putting it in fourth place behind Tesla, BYD and China’s SAIC Motor.
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 ...
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 .
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 ...
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.
Volkswagen Group China - The numerous VW and Audi cars manufactured in China are made under two joint-venture partnerships: FAW-Volkswagen and SAIC Volkswagen. Beijing Benz Automotive Co., Ltd is a joint venture between BAIC Motor and Daimler AG. As of November 22, 2018, a full two million Mercedes-Benz vehicles had been built in China by this ...