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Audi aims to double China sales over six years, says executive to paper

April 2, 2018 12:15 PM
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The logo of German car manufacturer Audi is seen at a building of a car dealer in Duebendorf. Audi aims to double sales in China over the coming six year. ― Reuters picFRANKFURT, April 2 — Volkswagen’s premium brand Audi aims to double sales in China over the coming six years, sales chief Bram Schot told Automobilwoche.

“In 2023 we want to sell 1.2 million cars in China,” the German trade magazine quoted him as saying.

Audi sold 597,000 vehicles in China, its biggest single market, last year.

The company last year resolved a dispute with dealers in China that could have disrupted the luxury carmaker’s business in the world’s biggest auto market.

The dispute stemmed from a long-term collaboration between Audi and SAIC Motor Corp that had riled Audi store operators in China, who among others sell Chinese-made vehicles as part of Audi’s existing joint venture with China’s FAW Corp.

Source: themalaymailonline.com

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