/ Industry, News, Sticky news, Volkswagen / Volkswagen to build new factory in Changsa, China

Volkswagen to build new factory in Changsa, China

Linked In Share
Volkswagen to build new factory in Changsa, China

Volkswagen Ag, Europe’s largest carmaker plans to build a new plant in in the Chinese city of Changsha in Hunan Province, German daily Frankfurter Allgemeine Zeitung reports.

According to the German newspaper, the new facility will have a capacity of 300,000 vehicles / year and will cost 10 billion yuan (1.23 billion euros). That’s about 12 percent from the total of 9.8 billion euros that Volkswagen plans to invest from 2013 to 2015.

Production starts in 2016
Production will start somewhere in 2016 according to the German, and most probably the Chinese partner for the joint venture is likely to be the state carmaker SAIC from Shanghai.

Last month the company said it plans to a budget brand in China with one of its local partners by about 2015, aiming to draw on more than 2,000 dealers and a market share of over 20 percent to take on similar no-frills ventures established by General Motors, Nissan and Honda.

“We need time but we will do it.” The plan is to build a car that will sell for the equivalent of around 6,500 Euros in China.”, R&D boss Dr Ulrich Hackenberg said.
“For the first model we are looking at China, and VW does not export from China,” confirmed Dr Hackenberg.

The Wolfsburg-based 12-brand company produced some 2.6 million cars in China with the help of its two Chinese partners SAIC and FAW.

Volkswagen sold about 770,000 vehicles in China – up 21 percent compared to the first-quarter of 2012.
China may top 20 million units for the first time this year.

by Mircea Serafim (my Google+) - Sunday, May 12th, 2013 - filed under Industry, News, Sticky news, Volkswagen. Image credit: .
Linked In Share
Related Articles
china volkwagen china vw china


Discuss: Volkswagen to build new factory in Changsa, China

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Korea eyes F1 return with Seoul night race
Korea eyes F1 return with Seoul night raceSep.23 (GMM/Inautonews.com) Korea is casting jealous eyes on the success of Singapore's city night race as it plans to return to ...
Recall roundup: Jeep Grand Cherokee and Dodge Durango for stalling problems
Recall roundup: Jeep Grand Cherokee and Dodge Durango for stalling problemsThe Fiat Chrysler Group has recently issued another recall which is affecting the Jeep Grand Cherokee and the Dodge Durango SUVs, ...
Mercedes-Benz Future Truck 2025 – images and details released
Mercedes-Benz Future Truck 2025 – images and details releasedMercedes-Benz has released some new details and a lot of images with the upcoming Future Truck 2025, which should revolutionize ...
MINI Superleggera Vision Concept announced for Paris
MINI Superleggera Vision Concept announced for ParisMINI will be officially bringing its Superleggera Vision Concept to the 2014 Paris Motor Show, which will be opening its gates ...
Recall roundup: Ferrari 458 because person can get trapped in the trunk
Recall roundup: Ferrari 458 because person can get trapped in the trunkNo, it’s not a joke. One of the weirdest recalls ever made is affecting one of the hottest rear mid-engined, rear-wheel drive ...
Peugeot 208 GTI 30th Edition – more images released
Peugeot 208 GTI 30th Edition – more images releasedPeugeot is getting ready for the 2014 Paris Motor Show and one of the vehicles to make its way to the event will be the 208 GTI ...
U.S. – BMW i8 configurator introduced
U.S. – BMW i8 configurator introducedBMW has recently introduced the online configurator for one of its most impressive models ever created, the i8. Good news for ...
2015 Kia Sedona gets priced
2015 Kia Sedona gets pricedKia has announced the official starting price for its Sedona people carrier which will go on sale soon across the United ...
[VIDEO] Fiat 500X teaser released
[VIDEO] Fiat 500X teaser releasedThe Italian based automaker Fiat has released a new teaser video for the upcoming 500X crossover, which will be officially ...
Renault Megane RS275 Trophy arrives in Australia
Renault Megane RS275 Trophy arrives in AustraliaOne of the hottest vehicles in the compact segment, the Renault Megane RS275 Trophy, is now available for order in Australia, ...
[Video] Marvel at GM’s early take on touchscreen controls – serious vintage alert
[Video] Marvel at GM’s early take on touchscreen controls – serious vintage alertFor the latest generation of drivers having a car with a touchscreen based infotainment system is nothing out of the ordinary. ...
Jaguar XER-S gets rendered
Jaguar XER-S gets renderedThe first rendering with the upcoming Jaguar XER-S has recently hit the web and it might provide us with a look into the upcoming ...
US: fuel prices could hit record low this year
US: fuel prices could hit record low this yearAuto sales have been boosted this year by rising consumer confidence, which in its part has been partially triggered by the ...
Cars are getting smarter than ever
Cars are getting smarter than everWith the advent of the automated vehicles and connected cars that can talk to each other and the surroundings, there’s a normal ...
Lamborghini Murcielago gets crashed in Australia
Lamborghini Murcielago gets crashed in AustraliaA Lamborghini Murcielago has recently been crashed in Sydney, Australia, after colliding with a Honda SUV. Lamborghini has put a ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Mercedes-Benz Future Truck 2025 1
Peugeot 208 GTI 30th Edition 1
2015 Sedona
1992-oldsmobile-trofeo
lamborghini murcielago crash australia sydney 1
BMW M4 Coupe lightweight tuning 2014 1
Ferrari 458 Speciale Spider 1
ferrari 458 italia crash germany brockhagen 1
Volkswagen Tristar Concept 1
Opel Mokka 1.6 CDTI 1
Citroen C1 Urban Ride Concept 1
Spied Porsche Panamera 006

More automotive from inautonews
The Fiat Chrysler Group has recently issued another recall which is affecting the Jeep Grand Cherokee and the Dodge Durango SUVs, because of a stalling problem. According to the car manufacturer, owners of the Jeep Grand Cherokee and the Dodge Durango SUVs will have to take their vehicles back to ...
read more
Inautonews Editors Section
Test Drive: Peugeot 2008 1.6 e-HDI
Test Drive: Peugeot 2008 1.6 e-HDIThe small crossover offered by the French automaker has become an acquaintance to the inautonews.com team, with the 2008 being tested in two other ...
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a dominant fashion ...
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Jeep Grand Cherokee and Dodge Durango for stalling problemsThe Fiat Chrysler Group has recently issued another recall which is affecting the Jeep Grand ... Recall roundup: Ferrari 458 because person can get trapped in the trunkNo, it’s not a joke. One of the weirdest recalls ever made is affecting one of the hottest rear ...
Safety Section