In the first half of 2010, Volkswagen AG was able to boost sales in China by 46% after launching new models. VW is the biggest foreign carmaker in China, which is the world's largest vehicle market. In an e-mailed statement, VW said that its sales to consumers increased to 950,278 vehicles in the greater China area.
Meanwhile, deliveries of Audi luxury-brand sedans climbed by 64% to 109,887 units. Winfried Vahland, president and chief executive officer of Volkswagen China, said that the carmaker has "practically sold out" many models.
Last April, Chief Executive Officer Martin Winterkorn said that VW intends to invest 4.4 billion euros ($5.5 billion) to increase production capacity and launch new models in China.
In this previous statement, Winterkorn also said that last year, VW sold 1.4 million vehicles in China and it aims to increase annual sales to over 2 million in the "medium-term." For this year, VW was able to introduce new models, including the Tiguan sport-utility vehicle, the Audi Q5 and an upgraded Jetta.
In the e-mailed statement, VW further revealed that it will begin sales of the CC four-door sports coupe on July 15 in Shanghai. General Motors Co., VW's largest overseas competitor in China, saw deliveries increase 49% to 1.21 million vehicles in the first half of the year.