Report: VW aims to triple south China sales by 2018

Article by Christian A., on August 26, 2010

Volkswagen AG aims for its sales in south China to more than triple by 2018. This target is included in VW's main strategy to double sales to 2 million units in China within the same timeframe. Winfried Vahland, president and CEO of Volkswagen's China operations, told reporters that China will play a key role in VW's intention to beat Toyota Motor Corp. and be the world's top-selling automaker by 2018.

China is recognized to be one of the largest markets in the world and VW wishes to compete with GM and other carmakers in this country.

Vahland said that VW's "extraordinary growth" in its sales volume in China will continue to accelerate its pace of development. He even thinks that VW will achieve its targets ahead of its schedule.

VW is already a dominant player in north and east China and has a market share of more than 20 percent in each region through its partnerships with SAIC Motor and FAW Group.

However, in south China, which Vahland says is one of the wealthiest and most developed markets in Asia, VW only has 12 percent of the market.

Official data show that South China is expected to contribute about a third of the country's GDP, up from 30 percent in 2008. Japan's Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co. all have manufacturing bases in south China.

If you liked the article, share on:

Comments

Recommended

In the automotive industry, most brands will do what they can to expand their offerings to be present in every potential niche there is. The goal is clearly to increase...
by - April 30, 2017
Just days after unveiling the refreshed 2018 Toyota Yaris hatchback to the North American public at the 2017 New York Auto Show, the Japanese company is now disclosing how much...
by - April 30, 2017
The next generation Volvo XC60 will be soon on its way to dealerships and customers as the Swedish carmaker has already commenced production of the mid-sized sports utility vehicle at...
by - April 30, 2017
In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries