Spain's SEAT set to make China comeback by 2021

Spain's largest carmaker SEAT is set to make a comeback in China around 2021, a move that will help its parent company Volkswagen AG secure a larger share in the world's largest new energy vehicle market.

"The Spanish brand aims to enter the Chinese market in the coming two to three years," said Volkswagen in a statement on Tuesday, citing an agreement it signed with SEAT and Chinese carmaker JAC Motors.

SEAT pulled out of China in 2014 after two years of poor sales of its gasoline vehicles.