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Recently, Volkswagen China held a press conference in Beijing to announce its investment plan
in China.
The Volkswagen Group will invest more than 4 billion euros (about 29 billion yuan) in China in 2016 to release about 60 new vehicles to boost performance, and Volkswagen's future products in China will focus on the development and production of new SUVs and plug-in hybrids
.
Jochem Heizmann, CEO of Volkswagen China, said that the new car will include the locally produced Audi A6 plug-in hybrid, which will start production
in the second half of the year.
Foreign media said that Volkswagen invested so heavily in order to recover the sales champion in China that was taken away by GM
.
For the full year of 2015, GM's total retail sales in China were 3,612,635 units, a year-on-year increase of 5.
2%.
The Volkswagen Group delivered 3,548,600 vehicles to consumers in the Chinese market, compared to 3,675,300 units sold in 2014, down 3.
4%
year-on-year.
One increase and one decrease, the throne changes hands
.
From 2004 to 2012, GM replaced Volkswagen to win the championship; In 2013-2014, Volkswagen recovered; In 2015, it reversed
again.
As for how to come up with such a huge amount of money when funds are seriously tight, the explanation given by foreign media is that "Volkswagen saves money from other areas after the tail valve, saving money to develop new SUVs and plug-in hybrids in China"
.
Recently, Volkswagen China held a press conference in Beijing to announce its investment plan
in China.
The Volkswagen Group will invest more than 4 billion euros (about 29 billion yuan) in China in 2016 to release about 60 new vehicles to boost performance, and Volkswagen's future products in China will focus on the development and production of new SUVs and plug-in hybrids
.
Jochem Heizmann, CEO of Volkswagen China, said that the new car will include the locally produced Audi A6 plug-in hybrid, which will start production
in the second half of the year.
Foreign media said that Volkswagen invested so heavily in order to recover the sales champion in China that was taken away by GM
.
For the full year of 2015, GM's total retail sales in China were 3,612,635 units, a year-on-year increase of 5.
2%.
The Volkswagen Group delivered 3,548,600 vehicles to consumers in the Chinese market, compared to 3,675,300 units sold in 2014, down 3.
4%
year-on-year.
One increase and one decrease, the throne changes hands
.
From 2004 to 2012, GM replaced Volkswagen to win the championship; In 2013-2014, Volkswagen recovered; In 2015, it reversed
again.
As for how to come up with such a huge amount of money when funds are seriously tight, the explanation given by foreign media is that "Volkswagen saves money from other areas after the tail valve, saving money to develop new SUVs and plug-in hybrids in China"
.
