Global giants achieve 70% of China H1 car sales

Overseas auto titans performed well in China and contributed about 70 percent of the total passenger car sales volume of 4.53 million in the country in the first half of this year.

Volkswagen gained a global sales volume of 3.1 million with a slight fall of 5 percent year on year, thanks to its good performance in China.

Volkswagen China and its two joint ventures, Shanghai Volkswagen Automotive Co., Ltd. and FAW-Volkswagen Automotive Co., Ltd., sold 652,000 vehicles in Mainland China and Hong Kong, surging 22.7 percent from a year earlier. China took the place of Germany as its biggest auto market.

General Motors, once on the verge of bankruptcy, sold 3.55 million vehicles worldwide with a decline of 21.8%. But General Motors (GM) China Group, with its joint ventures, gained a sales volume of 814,000, rising 38 percent and marking a record high.

Ford Motor Company won a growth of 14 percent in China, in spite of its sharp decrease around the globe.