Editing China Sales Seen Picking Up After Coronavirus Blow - Volkswagen
Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.
The edit can be undone.
Please check the comparison below to verify that this is what you want to do, and then save the changes below to finish undoing the edit.
Latest revision | Your text | ||
Line 1: | Line 1: | ||
− | <br>FRANKFURT, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] March 31 (Reuters) - Volkswagen expects vehicle sales in China, the world's largest car market, to quadruple in March, it said, pointing to a recovery following the coronavirus pandemic.<br> <br>"We are cautiously optimistic that the worst effects of the crisis will be behind us in two to three months," said Stephan Woellenstein, head of Volkswagen's China business.<br> <br>Demand was still limited, Volkswagen said, adding it was prepared to ramp up capacity at its plants in the country, 22 of which had resumed production. Two vehicle plants in Changsha and Urumqi are still closed, the carmaker said.<br> <br>Woellenstein said he | + | <br>FRANKFURT, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] March 31 (Reuters) - Volkswagen expects vehicle sales in China, the world's largest car market, to quadruple in March, it said, pointing to a recovery following the coronavirus pandemic.<br> <br>"We are cautiously optimistic that the worst effects of the crisis will be behind us in two to three months," said Stephan Woellenstein, head of Volkswagen's China business.<br> <br>Demand [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour phượng hoàng cổ trấn] was still limited, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour du lịch phượng hoàng cổ trấn] Volkswagen said, adding it was prepared to ramp up capacity at its plants in the country, 22 of which had resumed production. Two vehicle plants in Changsha and Urumqi are still closed, the carmaker said.<br> <br>Woellenstein said he expected vehicle sales of up to 1 million in March, up from 250,000 in February.<br> <br>"There are more and more signs that business is recovering. By the middle of the year, we could be back to last year's planning. Hope is returning on the Chinese market," Woellenstein said.<br> <br>In 2020, [https://knoji.com/search/?query=Volkswagen%20expects Volkswagen expects] a decline of 3-15% in the Chinese market but confirmed plans to invest more than 4 billion euros ($4.4 billion) this year there, with about 40% of that sum earmarked for electric driving.<br> <br>"We assume that the recovery will continue and that we will be operating in a normal market environment again in 2021," Woellenstein said.<br> <br>Volkswagen plans to sell 1.5 million electric cars in China per year from 2025.<br> <br>($1 = 0.9093 euros) (Reporting by [http://www.deer-digest.com/?s=Christoph Christoph] Steitz; Editing by Mark Potter)<br> |