Volkswagen set to double China sales

German carmaker Volkswagen AG plans to double its annual China sales by 2018, the company said yesterday.

"We are targeting sales of 2 million vehicles in China by 2018 from the current annual sales of 1 million," said Winfried Vahland, executive vice-president of Volkswagen Group and president & CEO of Volkswagen Group China. This is part of the group's 10-year strategy plan.

Volkswagen's Chinese joint ventures, Shanghai Volkswagen and FAW-Volkswagen, would equally help in achieving the target, said Vahland.