Volkswagen is planning to invest about 2.7 billion dollars for building its new plant in China
This week, the auto manufacturer has declared its plans to build two new plants in China. These new factories investment will be about 2.7 dollars.
That is an important step in the new strategy to rise capacity and grow the cars’ number, which will be produced for the Chinese auto market. That is only a part of over 18.5 billion dollars plan.
According to the carmaker, China is the largest auto market for Volkswagen. Currently, the auto manufacturer plans to build new factories in Tianjin and Qingdao.
The Volkswagen’s chief executive officer said that China is the largest and the most important auto market. The auto manufacturer is trying to do everything possible to satisfy any demands of the Chinese buyers. Now the carmaker collaborates with the Chinese partner –FAW Volkswagen.
During first five months, Volkswagen delivered nearby 1.51 million cars in China. It is more by 18 per cent than the same period of last year.
The Volkswagen Group plans to increase deliveries over 3.5 million cars.
Due to new plants, the carmaker will have an opportunity to leave behind the largest auto manufacturer the Toyota Motor by 2018.
Foreign carmakers are continuing to build new factories and increase production in China, the country, which has the second largest economy in the world.
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