- CNTV English - CCTV News

Homepage > News > Biz >

Shanghai VW still No 1 in passenger car segment

08-09-2010 09:10 BJT

Sino-German car joint venture Shanghai Volkswagen Automobile Co Ltd retained its crown as the biggest passenger car provider in China last month with strong sales growth despite a fiery traffic accident that took the life of its president on July 17.

In the first seven months of this year, the joint venture's sales surged 37.6 percent year-on-year to 529,473 units. Lu Jianshen / For China Daily

The company moved 82,465 cars in July, up 26.6 percent from a year earlier, it said.

In the first seven months of this year, the joint venture's sales surged by 37.6 percent year-on-year to 529,473 units, including 430,781 Volkswagen cars and 98,692 units under Czech brand Skoda.

Sales of its best-selling model, the compact Lavida, jumped by 57.4 percent to 134,233 units in the period, it said.

The strong performance came as the company dealt with the death of its President Liu Jian, who was killed in a horrific traffic accident while on a business trip in northwest China.

Sales of the company's first SUV model - the Tiguan - launched in March, reached 27,279 units by the end of July.

Shanghai Volkswagen last month started building a new 300,000-unit assembly plant in Yizheng, east China's Jiangsu province, to meet growing demand.

The new plant will be put into operation at the end of 2012.

The company now has four factories in Shanghai and Nanjing, capital city of Jiangsu, with a combined production capacity of 900,000 units a year.

The joint venture has more than 600 dealers for the Volkswagen brand and 235 Skoda outlets in China.

Editor:Xiong Qu |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program