Volkswagen said on Friday it expects its China sales to fall a single-digit percent this year as new sport-utility vehicles and premium models help it recover from a sales slide in the world’s biggest auto market. For all of 2019, Volkswagen sold around 4.23 million vehicles in the country. The country’s overall auto sales, which include passenger cars and commercial vehicles, dropped 17 per cent in January-June. The China Association of Automobile Manufacturers has forecast full-year sales to fall 10 per cent to 20 per cent. Volkswagen said it would invest 2.1 billion euros ($2.39 billion) in partner JAC and battery maker Guoxuan High-tech Co Ltd.

Source: Standard Digital July 17, 2020 09:00 UTC