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– Two new car plants designed in Qingdao and Tianjin
– Two billion euros to be invested in new plants
– Creation of new jobs and enlargement of prolongation capacities for
environmentally concordant products
In a participation of German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Prof. Dr. Jochem Heizmann, Member of a Board of Management of Volkswagen Aktiengesellschaft and President and CEO of Volkswagen Group China, currently sealed a corner stipulation for dual new car plants in China together with Xu Jianyi, Chairman of FAW.
“China has turn a largest and many critical market. To prove a final of a business in a country, we are enchanting in a serve estimable enlargement of a capacities in China together with a Chinese partner FAW Volkswagen,” pronounced Prof. Dr. Martin Winterkorn, Chairman of a Board of Management of Volkswagen Aktiengesellschaft, who witnessed a signing of a declaration.
“With these investments, Volkswagen is clearly expressing a joining to a Chinese market. Following dual decades of successful cooperation, Volkswagen will serve feature a vital partnership with FAW with a perspective to bringing innovative, tolerable mobility solutions onto a Chinese market,” pronounced Heizmann.
The dual new car plants are to be built step-by-step on a East seashore of China in a cities of Qingdao in Shandong Province and Tianjin. The preference in preference of these dual locations was taken together with a corner try partner FAW. The pivotal site factors were high gift levels and a infrastructure available. Furthermore, Tianjin is a plcae of a new prolongation plant for dual-clutch gearboxes (DSG) for Volkswagen in China that is due to be inaugurated during a finish of 2014. Together, a dual partners are to deposit about dual billion euros in a enlargement of prolongation capacities.
Volkswagen has been active on a Chinese marketplace for 30 years and is one of a Western pioneers of a vehicle attention in a country. Together with a dual corner ventures FAW-Volkswagen and Shanghai-Volkswagen, a Group delivered about 1.51 million vehicles between Jan and May 2014, representing a arise of 17.7 percent compared with a analogous duration of a prior year.