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.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.