Volkswagen Group China maintains momentum in
second half of 2019

● Stephan Wöllenstein: “Our performance in the first nine months has been outpacing the overall Chinese auto market, showing the strong competitiveness of the Group brands. While we are still facing a number of challenges, we have confidence in the rest of 2019.”
● Despite headwinds, Group’s market share in China continues to increase, surpassing 19 percent.
● Volkswagen brand continues to maintain market leadership with strong sales performance in the third quarter, while Audi sees continued Year-on-Year growth for 2019.

Beijing, October 18, 2019. From January to September this year, Volkswagen Group China together with its three Chinese joint ventures, SAIC VOLKSWAGEN, FAW-Volkswagen and JAC Volkswagen, have delivered around 2.96 million (3.04 million, -2.8 percent) vehicles in the Chinese mainland and Hong Kong, including around 141,600 imported vehicles. The Group has increased its market share to more than 19 percent in the Chinese auto market. “We have seen challenges since the beginning of 2019, and the coming months are still affected by uncertainty,” said Dr. Stephan Wöllenstein, CEO of Volkswagen Group China. “However, due to our effective SUV and NEV strategy, we expect to continue outperforming the market also in challenging times”. The SUV offensive in the first 9 months shows great success with a Year-on-Year growth of almost 50%, including new SUV products from the young brands JETTA and SIHAO. In addition, more exciting NEV models will hit the market in the coming months. End of 2019, Volkswagen Group China will be offering 14 NEV models.

In September, Volkswagen Group China delivered 384,100 vehicles with a Year-on-Year growth of 0.2% percent. This performance continues to outperform the Chinese auto market, which posted a decline around 6%.

Wöllenstein further added: “We expect the market downtrend to continue with this year’s total market to be below 2018, declining for the second time in a row. That being said, with a long-term outlook and our ability to outperform the overall market, we are confident in the Chinese market in the long run.”

The Volkswagen brand further strengthened its position as the number one choice for Chinese car buyers. The brand outperformed the total market and substantially expanded its market share with 2,194,100 (2,241,300; -2.1%) vehicles delivered in the first three quarters of 2019. The strategic realignment of the brand remains top focus. A clear result of its product offensive: Volkswagen is now also the biggest SUV brand in China, delivering over half a million SUVs - more than any other brand. Its attractive SUV portfolio now consists of eight models with the Tiguan, Touareg, Teramont, Teramont X, T-ROC, Tharu, Tayron and T-CROSS, with more SUV models to follow. The next step will be the further roll-out of a comprehensive NEV portfolio, totaling at least 10 models by the end of next year from the current five.

Seen across all models, Audi delivered more than 491,000 units in the period January through September; cumulative deliveries were up 1.7 percent, setting a new benchmark figure. By the end of the year, China will see the launch of brand-new models such as the all-electric Q2 L e-tron from China for China, the Audi e-tron and the Q8.

In the first three quarters of the year, ŠKODA delivered 194,500 vehicle deliveries to the Chinese customers, a decrease of 22.3 percent compared to the same period of the previous year (January to September 2018: 250,200 vehicles). ŠKODA is pushing forward its SUV campaign in China and will be presenting the next new model KAMIQ GT in November this year.

Porsche has been able to maintain its position in China. More than 64,200 vehicles were delivered to Chinese customers in the first nine months, representing an increase of 14.2 percent compared with the prior-year period. At the beginning of September Porsche presented its first all-electric sports car Taycan, which will be available in dealerships in China in 2020.