FAW-VW VW brand delivers 132, 208 units in January, up 10% year on year

Shanghai (Gasgoo)- The Sino-German joint venture FAW-Volkswagen (FAW-VW) reported that its VW brand achieved delivery sales of 132,208 vehicles in January 2018, up 10% year on year. Meanwhile, the fleet sales of VW brand increased 14% from the previous year to 167,828 units. 

As to models, Magotan has still maintained a great momentum in sales with a fleet sales volume of nearly 30,000 units last month. Since the all-new Magotan hit the market in 2016, it has always been very popular among Chinese consumers. Currently, FAW-VW owns 7 popular models, including all-new Magotan, Golf family, C-TREK, Jetta, Sagitar, Bora and VW CC7.

FAW-VW VW brand will continue to optimize its product portfolios and focus on SUV, A-class and B-class sedan, the three core segments in China’s auto market. The automaker plans to launch 5 new models, including a premium SUV, the T-Roc, all-new CC, all-new Bora and new Golf Sportsvan, and wishes to raise the percentage of VW brand's market shares from 41% to over 70%.

FAW-VW VW brand's Tianjin plant, Qingdao plant and the second phase of the Foshan plant will be put into operation this year with a planned annual production capacity of around 900,000 units in total. Once the three plants are completed, VW brand will own a production capacity of over 2 million units per year which may boost the company to achieve its annual sales target of 1.45 million units in 2018.