Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

FAW-Volkswagen sees strong month-on-month sales growth

April 14, 2020


Abstract : FAW-Volkswagen Automobile Co., Ltd., a passenger car joint venture between China FAW Group Co., Ltd. and Volkswagen AG, reported strong month-on-month sales growth in March as the COVID-19 epidemic wanes in China.

CHANGCHUN, April 13 (Xinhua) -- FAW-Volkswagen Automobile Co., Ltd., a passenger car joint venture between China FAW Group Co., Ltd. and Volkswagen AG, reported strong month-on-month sales growth in March as the COVID-19 epidemic wanes in China.

Last month, the Volkswagen brand sold 67,609 vehicles, a month-on-month surge of 238 percent. Sales under the Audi and Jetta brands reached 40,448 units and 9,300 units, up 373 percent and 384 percent from the figures in February, respectively, the carmaker said.

FAW-Volkswagen delivered 337,096 vehicles in the first quarter of this year, continuing to make it the best-selling passenger vehicle manufacturer in the world's largest auto market.

The carmaker has set a sales target of 2.325 million units for 2020, including 1.425 million units for the Volkswagen brand, 200,000 units for the Jetta brand, and 700,000 units for the Audi brand.

FAW-Volkswagen currently has five production bases across China. Its sales and production have both exceeded 20 million units since it was founded in 1991.

Scan the QR code and push it to your mobile phone

Keyword: FAW-Volkswagen

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial