Homepage | Contact | Chinese
Suppliers Foreign Invested Standards Auto Models Statistics About Us Order Form Payment
      Member Login

  Latest News

  Latest Exhibition
  Latest Data
Volkswagen eyes China's low-end auto market


German automaker Volkswagen has confirmed it will bring a new car model to muscle in China's low-end auto market, according to sources citing VW Group's President Martin Winterkorn at a recent annual briefing.

Analysts say that the new model, priced between 6,000 and 7,000 euros ($9,287), will be developed at the group's joint venture FAW-Volkswagen, as part of the plan to make further inroads to the Chinese market. The timeline has yet to be issued.

The company sold 2.8 million vehicles in China last year, contributing 30.2 percent to its global total sales, an increase of 24.5 percent from 2011, according to the report.

Winterkorn noted that VW is planning to pour 50.2 billion euros into research and development and a new plant in the country, of which 9.8 billion euros will go to its joint ventures.

VW is aiming to top the world auto market by sales by the end of 2018.


Wheelon Co., CNAIC All rights reserved. 
Add:No.33, Fucheng Road, Haidian Dist., Beijing P.R. China 100048
Tel:+86-10-88561400 88560270        Fax: +86-10-88561149
web:http://www.wheelon.net        e-mail: wheelon_info@yahoo.com, wheelon@126.com
Co-organizers: China Association of Automobile Manufacturers
Society of Automotive Engineers of China