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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.
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.
VW is expecting to deliver 15,000 to 20,000 of the ID cars per month in the upcoming months, Stephan Wollenstein, the company's China CEO told a media briefing on Friday.
Volkswagen is in talks to tighten its grip on a majority-owned joint venture in China, sparking tensions with the German automaker's other Chinese partners who fear they could be sidelined ...
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. [40] [41]