Volkswagen Financial Services AG PDF

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Please update this article to reflect recent events or newly available information. Volkswagen Group China enjoys sales of about 3. Chinese market and is the largest brand in China by sales. The Chinese market is one of the main markets of the Group. Operations of Volkswagen in China include the production, sales and services of whole cars, parts and components, engines and transmission systems, and the sales and service of imported cars. Volkswagen Group China is the largest, earliest, and the most successful international partner in China’s Automotive Industry. It started its connection with China as early as in 1978, and has been taking the leading position in the Chinese automotive market for more than 25 years.

The second, and much larger, joint venture, FAW-Volkswagen Automotive Company Ltd. It manufactures VW and Audi brand cars. In 2018, an executive with FAW-Volkswagen’s Audi division said that two million China-made Audi cars will be sold in the country by 2020. As of the end of 2017, the total to date was 777,000. In 1984, Volkswagen signed a 25-year contract to make passenger cars in Shanghai.

Since, at that time, vehicle manufacturers could not own a majority stake in a manufacturing plant, Volkswagen’s venture took the limit of 50 per cent foreign ownership. Today, the Group has 16 representative companies in the country, undertaking parts delivery and service provision for both customers and industry in addition to vehicle production and import. VGC’s tasks include supervision of the Chinese associated companies of the Volkswagen Group, and the set-up of new business segments. China began its reform, and debut to the outside world, and is located in Anting International Auto City on the northwest outskirts of Shanghai. Producing cars under the Volkswagen and the Škoda brands, SVW currently offers a total of twelve model series. In April 2005, Škoda officially landed at Shanghai Volkswagen, ushering Shanghai Volkswagen into the dual brand era. Chinese manufactured Škoda – was launched and the Chinese name was announced.

Octavia, the first Shanghai Volkswagen Škoda model, hit the market on 6 June 2007. Following Octavia’s success, Shanghai Volkswagen launched Fabia in 2008 and Superb in 2009. FAW-Volkswagen manufactures 10 products of two globally known brands, Volkswagen Passenger Cars and Audi, with advanced technology and equipment. Volkswagen Jetta, New Bora, Golf, Sagitar, Magotan, Volkswagen CC, Audi A6L, Audi A4L, Audi Q3 and Audi Q5 cars are very popular among consumers. FAW-Volkswagen is a mature production base in China, with a complete portfolio of both A-, B- and C-grade cars.