Volkswagen Group China
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| Division of Volkswagen Group | |
| Industry | Automotive |
| Headquarters | Beijing, People's Republic of China |
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Number of locations
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Joint Ventures and wholly owned enterprises in Beijing, Changchun, Shanghai, Chengdu, Nanjing, Dalian and Hong Kong |
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Area served
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Greater China |
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Key people
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Jochem Heizmann (President & CEO) |
| Products | Locally produced cars/automobiles of Volkswagen, Audi and Škoda brand, engines, transmissions and spare parts; Volkswagen Group brands import |
| Services | Automotive financial services |
| € 774 million (proportionate, 2009) | |
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Number of employees
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~53,000 (2010) |
| Parent | Volkswagen AG |
| Subsidiaries | 14 subsidiaries |
| Website | www.vw.com.cn |
Volkswagen Group China (VGC) (大众汽车(中国)) is division of the German automotive concern Volkswagen Group in the People's Republic of China.
Volkswagen Group China enjoys sales of about 2.81 million cars (2012) in the Chinese market and is the second-largest foreign carmaker after General Motors. The Chinese market is one of the main markets of the Group. Operations of Volkswagen in China include the production, sales and services of whole cars, parts and components, engines and transmission systems, and the sales and service of imported cars. The company's locally manufactured and imported vehicles are sold under various brand names such as Volkswagen, Audi, SEAT, Škoda, Bentley, and Lamborghini in China.
Volkswagen Group China is the largest, earliest, and the most successful international partner in China's Automotive Industry. It started its connection with China as early as in 1978, and has been taking the leading position in the Chinese automotive market for more than 25 years. Its first joint venture in China, Shanghai Volkswagen Automotive Co., Ltd., was established in October 1984. The second joint venture, FAW-Volkswagen Automotive Company Ltd. was established in Changchun in February 1991.
In 1984, Volkswagen signed a 25-year contract to make passenger cars in Shanghai. Since, at that time, vehicle manufacturers could not own a majority stake in a manufacturing plant, Volkswagen’s venture took the limit of 50 per cent foreign ownership.
Today, the Group has 16 representative companies in the country, undertaking parts delivery and service provision for both customers and industry in addition to vehicle production and import.
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Wikipedia