FAW Volkswagen, the Chinese joint venture between Volkswagen and First Automotive Works, has set a short-term target of controlling more than 20% of locally-made passenger car sales.


Vice-president Peter Wolters reckons the target is achievable after the company managed 19% of sales for the first five months of the year.


FAW VW sold 71,903 cars Jauary to the end of May, 46% up on the year-ago period, Wolters said.


Sales included 46,946 Jettas, 13,433 Boras and 11,528 Audi A6s while revenue increased 33% year-on-year and pre-tax profits rose 11%.


FAW Volkswagen has just launched 1.6-litre petrol and diesel Boras, seven months after introducing a 1.8-litre version.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The diesel is the first such car made in China and the company plans to produce 50,000 Boras this year and 171,000 vehicles in total, up from 124,000 units last year.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now