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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 ] .
VW had long been China’s best-selling automotive brand, but last year it was overtaken by Chinese rival BYD, which sells both EVs and plug-in hybrids but no longer produces traditional cars.
Volkswagen and Shanghai's SAIC Motor have agreed to sell a factory in China's far western Xinjiang region that drew criticism due to accusations by western governments of human rights violations.
Volkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Thomas Schäfer says VW wants to remain the biggest international automaker in the country.
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. [2] The Jetta cars are built in Chengdu at an FAW-Volkswagen joint venture plant. [3]