Sino-German joint venture FAW-Volkswagen delivered over 1.85 million vehicles in 2021, defending its position as the most popular carmaker in the world's largest vehicle market.

Its deliveries was around 14% less from 2020, but still around half a million more than the runner-up.

FAW-Volkswagen said the fall was primarily because of the globally sweeping chip shortages. It produced around 1.7 million vehicles in 2021.

Specifically, it sold 989,000 Volkswagen-branded vehicles, over 700,000 Audi vehicles and around 169,000 Jetta-branded vehicles.

FAW-Volkswagen said it would launch 8 models this year to consolidate its momentum in the market.

FAW President Qiu Xiandong said he expects the joint venture to sell over 2 million vehicles this year, considering the growth potential in China.

The China Association of Automobile Manufacturers estimates that total vehicle deliveries this year could reach 27.5 million, up 5% from 2021.

Related

Go to Forum >>0 Comment(s)