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Volkswagen's China sales up 17.7% in 2011

Jan. 16, 2012 (China Knowledge) - Germany-based Volkswagen AG, the largest auto maker in Europe, along its Chinese joint ventures, sold a total of 2.26 million vehicles in China last year, reflecting a year-on-year increase of 17.7%.

Sales of Volkswagen cars in the Asian country rose 13.8% to 1.72 million units last year, said the auto maker, adding that sales of Audi cars rose 37% to 313,000 units.

Karl-Thomas Neumann, President and CEO of Volkswagen China, noted the company will focus more on developing sales in West China.

Volkswagen, the first foreign automaker allowed to produce vehicles in China, the world's largest auto market, owns joint ventures with FAW Group, the parent firm of FAW Car Co Ltd<000800>, and SAIC Motor Corp Ltd<600104>, China's No.1 carmaker.

The German manufacturer has announced plans to build seventh car plant in China by spending EUR 14 billion to expand Chinese market by 2016.

Analysts said China's sales of passenger vehicles in 2012 would increase by 9.5%, higher than a growth of 5.2% in 2011.

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