FAW-Volkswagen targets bigger market share
By Liao Wei
2014-12-05
The production and sales volume of FAW-Volkswagen’s cars is expected to reach 30 million units by 2020, said Zhang Pijie, general manager of the Changchun-based Sino-German carmaker, at its off-line ceremony for the 10 millionth car on Dec 2.
 |
|
A new Audi A6 L's debut at the off-line ceremony?for FAW-Volkswagen's 10 millionth car,?in Changchun, capital city of Northeast China's Jilin province. [Photo by Wang Haofei/Xinhua] |
As the year’s 10 millionth FAW-VW-branded vehicle, an Audi A6 L rolled off the assembly line on that day, the company celebrated the majestic moment in its growth. It was also considered to be a new milestone for China’s automobile industry.
"With 23 year’s development in China, FAW-VM has taken 10 percent of the market share. According to statistics, 204 new cars roll off the assembly line every hour and more than 4,700 people are becoming our consumers every day," Zhang added.
In the past 10 months, FAW-VM has sold about 1.5 million units, which almost equals the sales volume of last year.
FAW-Volkswagen Automotive Co Ltd, a joint venture between Chinese automaker FAW Group and Germany’s Volkswagen Group, was founded on Feb 6, 1991. It makes Audi A6 L, A4 L, A3, Q5, Q3, as well as Volkswagen Bora, Jetta, Golf, Sagitar, Magotan and CC.
