Volkswagen AG (VW) expects its China sales may rise in line with the overall auto market this year, as it explores potential cooperation with domestic firm JAC Motors in what could be a third partnership with Chinese automakers.
The head of the German firm's China business, Jochem Heizmann, told reporters in Beijing that he expected China's total passenger car market will expand in line with, or perhaps even exceed, gross domestic product growth in the world's second-largest economy.
"If we look to the general growth situation, it's still tremendous, big growth," Heizmann said, adding that there is potential for expansion in China's lower-tier cities despite the country's economy registering its weakest growth in a quarter century.
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The head of the German firm's China business, Jochem Heizmann, told reporters in Beijing that he expected China's total passenger car market will expand in line with, or perhaps even exceed, gross domestic product growth in the world's second-largest economy.
"If we look to the general growth situation, it's still tremendous, big growth," Heizmann said, adding that there is potential for expansion in China's lower-tier cities despite the country's economy registering its weakest growth in a quarter century.
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