Volkswagen AG shall launch six new SUVs, made entirely in China over the next 3 to 4 years and continue with its commitment of investing in the country. The announcement was made by a company executive at the yearly Guangzhou Auto Show.
According to Weiming Soh, Vice President for Sales and Marketing, the company also expects the passenger vehicle market in China to grow by 3 to 5 percent in 2016.
The Volkswagen Group China is the second biggest foreign car maker in China, after General Motors. The Chinese market is one of the main ones in the country. The Operations of the country in China include production, services and sales of whole cars, components, parts, transmission systems and engines, service and sales of imported cars.
The Volkswagen Group China is the largest, foremost and most successful international partner in China’s automobiles industry. It began its relationship with China back in 1978 and has taken a lead position in the Chinese automobiles market for above 25 years. The company’s first joint venture in the country was with Shanghai Volkswagen Automotive Company Ltd. founded in 1984. FAW Volkswagen Automobile Company Ltd, the second joint venture was founded in February 1991, at Changchun.