Volkswagen expands production capacity in China

In the presence of German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Jochem Heizmann, member of the board of management of Volkswagen Aktiengesellschaft and president and CEO of Volkswagen Group China, signed a joint declaration for two new vehicle plants in China together with Xu Jianyi, chairman of FAW on July 7.

"China has become our largest and most important market. To satisfy the demands of our customers in the country, we are engaging in a further substantial expansion of our capacities in China together with our Chinese partner FAW Volkswagen," said Winterkorn, who witnessed the signing of the declaration.

"With these investments, Volkswagen is clearly expressing its commitment to the Chinese market. Following two decades of successful cooperation, Volkswagen will further intensify its strategic partnership with FAW with a view to bringing innovative, sustainable mobility solutions onto the Chinese market," said Heizmann.