The Volkswagen Group announced on Wednesday plans to expand its production capacities in China with the construction of a new automotive plant in at Foshan, in the Southern Chinese region of Guangdong. The new production facility will have the capacity to assemble 300,000 vehicles annually and will begin operations in mid-2013.
"China has become the Volkswagen Group's largest and most important sales market. We intend to continue above-average growth side by side with our partners. With our unprecedented investment program, we intend to double our capacities in China to three million vehicles per year by 2013/14," said VW boss, Martin Winterkorn.
No comments:
Post a Comment