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VW Launches 6th Car Plant in China
Volkswagen AG has inaugurated an assembly plant with partner FAW Car Co. in Foshan, China, that boosts the company's annual production capacity in the country by 300,000 units to nearly 3 million vehicles.
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Volkswagen AG has inaugurated an assembly plant with partner FAW Car Co. in Foshan, China, that boosts the company's annual production capacity in the country by 300,000 units to nearly 3 million vehicles.
VW says it will double the factory's capacity at an unspecified later date. The facility will produce the seventh-generation Golf small car and Audi A3 variant.
The company, which expects to sell more than 3 million vehicles in the country this year, currently builds 20 models in China under its Audi, Skoda and VW brands.
The Foshan plant, VW-FAW's first in southern China, is part of a €9.8 billion investment program that will raise VW's capacity in China to more than 4 million units in 2018 through its joint ventures with FAW and Shanghai Automotive Industry Corp. By then, the company expects to be operating 19 assembly plants across the country.
VW and SAIC announced in May they will open a €1.5 billion assembly plant in Changsha in 2015, which will add another 300,000 units of annual capacity.
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