Volkswagen_in_China_2011.pdf

Topics: Automotive industry, Volkswagen Group China, Audi Pages: 18 (887 words) Published: December 1, 2013
Volkswagen in China
Dr. Joerg Mull
Executive Vice President, Finance
Volkswagen Group China

Volkswagen in China
Economic Indicators
Current China Automotive Market
Volkswagen Group China Sales-Performance Review
Products
Capacity and Investment
Financial Results
Market & Volkswagen Group Outlook

Volkswagen Group in China 2010
Volkswagen’s operations in China
FAW-Volkswagen
Volkswagen China
Changchun
Investment Company
Audi China

Dalian

Volkswagen Finance
(China) Co., Ltd.

Beijing

Volkswagen Beijing Centre
VW Import Co. Ltd.

Chengdu

Nanjing
Shanghai

FAW-Volkswagen

Volkswagen FAW Platform
Volkswagen FAW Engine
Volkswagen Automatic
Transmission
Shanghai Volkswagen
Sitech
Shanghai Volkswagen
Volkswagen Transmission
Shanghai Volkswagen
Powertrain
VW HK Co. Ltd.

• Total Investments 1984-2010:
• Deliveries to Customers 2010:
• Employees 2010 :

€ 9.5bn
1,923m units
~41,000

History
• 1984: Shanghai Volkswagen Automotive
Co. (SVW) as a joint venture between
Volkswagen and Shanghai Automotive
Industrial Corporation (or SAIC) was
founded. Production milestone in
November 2010 – 6 million cars.
• Volkswagen was the automotive pioneer
in the modern Chinese market.
• 1990: FAW-Volkswagen Automotive Co.
Ltd. was set-up as our second joint
venture in China. Production milestone in
November 2010 – 4 million cars.
• 2004: Volkswagen China Investment
Company was founded to co-ordinate and
manage all Volkswagen activities in China.
• Today: Volkswagen is represented by 16
companies in China.

Source: Volkswagen Group China

3

Successful partnership with FAW and SAIC

1990

Foundation

1984

FAW: 60%, VW AG: 30%, Audi AG: 10%

Share

SAIC Motor: 50%, VW AG: 50%

853,582

Deliveries 2010

991,807

No. 3

Sales Ranking

No. 2

~15,590

Employees1

~22,050

Jetta

Sagitar

Audi A6L

New Bora

Magotan

Audi A4L

Polo HB

Golf A6

CC

Audi Q5

Santana

Passat New LY Touran

Polo NB

Lavida

Cross Polo

Santana Vista Tiguan LWB

Fabia

Octavia

Superb

Source: Volkswagen Group China
1 without VICO and VGC

4

Deliveries of Volkswagen in China 2010 (‘000 Units)

Import FBU

Locally Produced

Volkswagen

43,6

FAW-VW

658,7

194,9

SVW

811,3

180,5

Audi

33,0
Lamborghini, Bentley

1,1

Total Deliveries Region China

1,923

Source: Volkswagen Group China

5

Volkswagen in China
Economic Indicators
Current China Automotive Market
Volkswagen Group China Sales-Performance Review
Products
Capacity and Investment
Financial Results
Market & Volkswagen Group Outlook

The economy of China is on a track towards normalization
Economic Indicators
GDP

2009

2010

2011 E

9.6%

9.2%

10.3%

9.4%

21.6%

15.5%

18.4%

17.5%

[CPI]

5.9%

-0.7%

3.3%

5.0%

[growth rate]

26.1%

30.5%

23.8%

21.0%

1.80%

1.80%

2.25%

3.0%

2008
[growth rate]

Consumption (public + private)
Inflation
Investment
Key Interest Rate
Export

[growth rate]

17.2%

-16.0%

31.3%

17.0%

Import

[growth rate]

18.5%

-11.2%

38.7%

19.0%

[$ bn]

92.4

90.0

105.7

100.0

Exchange rate as of the end
of the report period
[RMB/USD]

6.83

6.83

6.78

6.56

Exchange rate as of the end
of the report period
[RMB/EUR]

9.66

9.80

8.97

9.20

Foreign Direct Investment

Source: Deutsche Bank

7

2010 GDP reached a 10.3% growth year on year, and the economy is now in a path of stable growth
2008

2009

2010

Cumulative Annual Growth
9.6%

Cumulative Annual Growth
9.2%

Q1 2011

Cumulative Annual Growth
10.3%
11.9%

10.6%
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