19 - April - 2013
Thirty years after entering the Chinese market, the Volkswagen Group is starting a new phase of sustainable growth. In the course of expanding production capacities, the two Chinese joint ventures of the Volkswagen Group will be investing more than €9.8 billion by 2015; investments in highly efficient products and resource-conserving production will account for more than two thirds of this figure. Before the Shanghai Motor Show, the Chairman of the Board of Management of Volkswagen Aktiengesellschaft, Prof. Dr. Martin Winterkorn, stated: ‘We will be launching the largest investment programme in China’s automotive history.’ Winterkorn: ‘At Volkswagen, we are convinced that climate protection and efficient technologies are drivers for economic growth. And I am confident that the world’s best automaker must take the lead in terms of green mobility, too.’ China will play a key role in achieving the ambitious goals of the Volkswagen Group. The Group is building seven new plants in China. Five of these plants are already due to start production this year: the Urumqi, Foshan and Ningbo vehicle assembly plants as well as component facilities at Changchun and Foshan. By 2018, the workforce is to increase from 75,000 to 100,000 people. Annual production capacity is set to grow from the present figure of 2.6 million to more than 4 million units per year in 2018, with a view to relieving the burden on existing plants in a growing market.