Volkswagen Group China: clear signs of a recovery in business

Volkswagen Group China sees clear signs of a recovery in business. All 2,000 Volkswagen brand dealers in China have reopened. The number of customers in the car dealerships on the last weekend in March reached a level comparable to the previous year. Also with the other locally producing brands of the group, Audi and ŠKODA, more than 95% of the dealers opened again. Production in the production facility of the Volkswagen joint venture SAIC VOLKSWAGEN in Changsha also started again this week. This means that 32 of a total of 33 vehicle and component factories are now producing again.

Dr. Stephan Wöllenstein, CEO of Volkswagen Group China, says: “Our dealers see customers in their showrooms again. There are increasing signs of recovery, with a good chance that the Chinese car market could reach last year’s level in early summer. There will also be many highlights for Volkswagen in 2020. This year we start with the production of vehicles based on MEB and the Volkswagen ID. Family is launched in China.”

In the second half of the year, Volkswagen Group China reached an important milestone in its electrification strategy for the Chinese market. Two plants will start producing fully electric models based on the modular electric drive system from Volkswagen (MEB). The sites in Anting and Foshan will have a total capacity of 600,000 units per year. After the start of this production, the Volkswagen ID. Models launched in China, a family of fully electric and fully networked Volkswagen vehicles. Local production of the Audi e-tron in Changchun will also begin at the end of the year.

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