According to Karl-Thomas Neumann, VW chairman says China 13.8 billion U.S. dollars investment will be used in expanding the production of new vehicle models from 2011 to 2015.
According to data from the Association of Automobile Manufacturers in China, sales in 2010 reached 18.06 million units, up 32.4% compared to 2009. Expected this year will increase from 10 to 15%. Of the 1.92 million vehicles sold in China, with 1.51 million vehicles produced here.
Last year, the Audit of the Volkswagen luxury car sales reached a record 227,938 vehicles, up 43%. Czechoslovakia's Skoda brand rose 47% to 180,515 VW vehicles.
VW joint venture with two companies leading automobile manufacturers in China as SAIC and FAW. Volkswagen and SAIC joint venture manufacturing Skoda brand, while a joint venture with FAW Volkswagen and Audit production. Last year, VW sold a record amount of 1.92 million vehicles, up 37% over 2009. High turnover has helped VW to become a foreign carmaker in China head.
"Based on strong business performance with SAIC and FAW partners, to prepare us well for long-term development strategy," Neumann explained. "We hold the promise to bring new technologies to China Best. The first electric cars VW logo will come to China in 2011.
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