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VOLKSWAGEN Group China
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- Chronology
- From initial contacts between the Chinese government and Volkswagen AG in 1978 .
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- Key Facts and Figures
- The investment of Volkswagen in China has totalled to more than six billion Euros from 1984 to 2005. Volkswagen is currently represented by 13 companies in China.
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- Chinese partners
- The success of the VOLKSWAGEN Group in China is founded on a long and diverse history of development achieved in concert with our Chinese partners, the Shanghai Automotive Industry Corporation (SAIC) and the First Automobile Works (FAW) in Changchun.
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- Financial services
- In September 2004, the Volkswagen Finance (China) Co. Ltd., with headquarters in Beijing, received their operative business licence and embarked on the sale of vehicle financing policies for private clients in Beijing.
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- Current market situation and outlook
- The opening up of the Chinese market as a result of their WTO membership in 2001 means, that all internationally active car manufacturers are now present in China with joint venture partners. The unchanged fierce competition steps up the pressure on the entire sector.
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- Group Social Responsibility
- The VOLKSWAGEN Group fulfils its social responsibilities in China in many different ways and therefore was awarded "Most Responsible Corporation" in the Great Hall of the People in Beijing in January 2007.
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