Volkswagen plans to overtake General Motors on the Chinese market
The Volkswagen auto manufacturer announced its aim to leave General Motors behind in car selling on one of the largest car markets in the world. Volkswagen group is ready to do it for nine years to take back the first place as a foreign auto manufacturer there.
According to statistics, both manufacturers could sell over three million cars in the Chinese market during this year.
At the same time, the Chinese government has invested about 36 billion dollars to reduce pollution in most cities.
China is one of the largest car markets in the world; auto manufacturers have opportunities to expand their influence as well as dependent on this market. However, Volkswagen plans to invest about 25 billion dollars to increase its presence in China.
The carmaker notices the company grew Volkswagen Group’s cars selling by 17 percent during the period from January to November this year. Volkswagen sold over 2.5 million cars for first 11 months.
We would remind you that the Volkswagen Group includes Lamborghini, Porsche, Skoda, Audi, Seat and Bentley.
Besides, the auto manufacturer is going bring more models for the Chinese customers –there will be Skoda Octavia and Volkswagen Bora.
The best-selling brand is Audi in China; the carmakers will sell China-made A3 compact car and the latest version of A4 in the upcoming year.
Meanwhile, General Motors plans to present four new Chevrolet models next year. The carmaker said that the shortage of new models hindered the brand’s development.
General Motors includes popular brands such as Opel, Chevrolet, Buick, Cadillac and Baojun that are sold in China.
China may take the first place among countries which annual vehicles sales reach about 20 million cars.
The upcoming year promises cars selling in China will increase. According to the Chinese auto association, sales of passenger cars is expected to grow up 10 percent in the Chinese auto market next year.
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