Volkswagen begins development of 300,000-vehicle plant in China
FRANKFURT -- Volkswagen Group has begun development of a factory in Changsha, China, with the annual volume of 300,000 vehicles, the organization said in a statement today.
"We are expanding our ability in China to 4 million vehicles annually by 2018 so that you can satisfy demand from our Chinese customers," Jochem Heizmann, head of Volkswagen's operations in China, said at a ground breaking ceremony at the website today.
VW said the factory, being built in cooperation with the automaker's local joint-venture partner SAIC, is one-of eight factories being built by the organization. VW is committing 9.8 billion euros ($13 billion) on the market, whose auto association tasks new-vehicle sales will best 20 million units this season.
The announcement follows comments made to Automotive News Europe on Monday, by a business spokesman, confirming a German media report that said VW in the pipeline to construct a factory in the area.
With sales of 2,812,825 cars last year, China was VW Group's largest market. The organization has 12 car and part production plants in the united states.
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