Volkswagen optimistic on China sales growth
Volkswagen also plans to invest €4 billion in connection with its joint venture partners in China this year, while the expansion of its share of the sports utility vehicle (SUV) and new energy vehicle (NEV) markets will be a focus over the next several years, Mr Heizmann told reporters ahead of the Beijing auto show, which begins today.
The company has lagged in China’s SUV boom with relatively few locally produced models, but it plans to change that with launches of 10 locally made VW-, Audi- and Skoda-badged SUV models in the years ahead.
