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.jpg) Company headquarters | |
| Company type | Subsidiary |
|---|---|
| Industry | Automotive |
| Founded | 1985 |
| Headquarters | Beijing, China |
Number of locations | Joint Ventures and wholly owned enterprises in Beijing, Changchun, Shanghai, Chengdu, Nanjing, Dalian and Hong Kong |
Area served | Greater China |
Key people | Ralf Brandstätter (CEO)[1] |
| Products | automobiles, engines, transmissions and spare parts; Volkswagen Group brands import |
| Brands | Volkswagen Audi Škoda Jetta |
| Services | Automotive financial services |
| € 4.746 billion (proportionate, 2017)[2] | |
Number of employees | ~100,000 (2019)[3] |
| Parent | Volkswagen AG |
| Subsidiaries | 14 subsidiaries |
| Website | volkswagengroupchina.com.cn |
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 enjoyed annual sales of around 3.14 million cars (as of 2017) in the Chinese market[4] and is the largest car brand in China by sales. The Chinese market is Volkswagen's largest market, accounting for around 50% of Volkswagen's global sales in 2021.[5] Operations of Volkswagen in China include the production, sales and services of whole cars, parts and components, engines and transmission systems, and the sales and service of imported cars. The company's locally manufactured and imported vehicles are sold under various brand names such as Volkswagen, Audi, Škoda, Bentley, and Lamborghini in China.
Volkswagen Group China is the largest, earliest, and the most successful international partner in China's automotive industry.[citation needed] It started its connection with China as early as in 1978, and has been taking the leading position in the Chinese automotive market for more than 25 years. Its first joint venture in China, Shanghai Volkswagen Automotive Co., Ltd., was established in October 1984. This joint venture, now called SAIC Volkswagen.[6] was in the process of building an electric-car plant in Anting, near Shanghai by late 2018; it was expected to make 300,000 e-vehicles per year, starting in 2020.[7]
The second joint venture, FAW-Volkswagen Automotive Company Ltd. was established in Changchun in February 1991. It manufactures VW and Audi cars. In 2018, an executive with FAW-Volkswagen's Audi division said that two million China-made Audi cars will be sold in the country by 2020. As of the end of 2017, the total to date was 777,000.[8]
- ^ "Supervisory Board of Volkswagen AG re-assigns responsibility for China Board of Management Division". 19 September 2023. Archived from the original on 28 September 2022. Retrieved 6 February 2019.
- ^ "Volkswagen Konzern - AR 2017 - Volkswagen Group China".
- ^ "Volkswagen: Country Report – China". 19 September 2023. Archived from the original on 27 February 2020. Retrieved 6 February 2019.
- ^ "China car sales analysis 2017 – brands". 23 January 2018. Retrieved 6 June 2018.
- ^ "2021 (Full Year) Global: Volkswagen Brand Worldwide Car Sales by Model and Country". 12 January 2022.
- ^ "VW delivers 30 millionth car in China | Automotive Industry News | just-auto". www.just-auto.com. Archived from the original on 2018-11-28.
- ^ https://global.handelsblatt.com/companies/vw-revamps-production-electric-age-981646 [dead link]
- ^ "Audi chooses China as the stage for the global debut of its flagship Q8".