VW Ag. said Tuesday it sold 1.48 million vehicles in the January-September period in China, up 39% from a year earlier, boosted by its plan to invest EUR6 billion in new plants and models in China through 2012 and amid robust demand for the company’s vehicles.
Volkswagen Group and its two joint ventures, Shanghai Volkswagen and FAW-Volkswagen, have sold 1,476,200 vehicles in the first nine months of this year.
“The outstanding sales performance proves that it was the right decision to invest more and substantially in the Chinese market,” commented Karl-Thomas Neumann, president and chief executive of Volkswagen Group China. “Our investments of about €6bn (US$8.4bn) in new plants and new models from this year until the end of 2012 are not only reflecting a huge increase of our capacity, this commitment is also showing our support for China’s green future.”