July 16, 2003
Volkswagen to double vehicle production in China
Changchun, China – Volkswagen announced it will double the annual capacity currently available at its Chinese factories from 800,000 to 1.6 million vehicles over next five years. This means expanding its two joint ventures in Changchun and Shanghai. In addition, new sites are also being examined.
The announcement was made on the occasion of the 50th anniversary of the First Automotive Works (FAW), the Chinese joint-venture partner of FAW-Volkswagen. The Chairman of the Board of Management of Volkswagen AG, Dr. Bernd Pischetsrieder, together with the President of FAW, Zhu Yanfeng, laid the foundation stone for the new FAW-Volkswagen factory in Changchun. The ceremony was attended by the Chairman of the Supervisory Board of Volkswagen AG, Dr. Ferdinand Pi