FAW-Volkswagen to roll out 9 car models in 2018

MG News | January 14, 2018 at 06:49 PM GMT+05:00

0:00

The Sino-German auto joint venture FAW-Volkswagen will introduce nine new models this year to help meet its annual sales target of 2.1 million units.

According to Xinhua news agency, the new models include the Audi Q2, Q5 and two Volkswagen-brand SUVs.

The clean-energy and electric vehicles will go into production this year. By 2020, the automaker will introduce 10 clean-energy car models.

Founded in 1991, FAW-Volkswagen mainly manufactures Audi and Volkswagen cars in China. The group's car sales hit a record high of more than 2 million units in 2017, an increase of 5 percent year on year.

FAW Volkswagen's five production bases in China are expected to be up and running this year, aiming to produce 3 million cars by 2020.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	155,384.51 274.67M	0.61% 944.82
ALLSHR	95,133.57 856.28M	0.49% 465.41
KSE30	47,466.99 137.10M	0.74% 347.09
KMI30	227,645.22 99.71M	0.67% 1519.50
KMIALLSHR	63,888.06 353.11M	0.50% 319.01
BKTi	41,761.78 72.20M	0.33% 138.95
OGTi	31,619.14 7.57M	0.41% 130.35

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,220.00	117,240.00 114,940.00	-2045.00 -1.74%
BRENT CRUDE	67.14	67.52 66.78	0.15 0.22%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.90	63.24 62.52	0.21 0.34%
SUGAR #11 WORLD	15.90	15.98 15.80	0.11 0.70%