VW reports China sales recovering following coronavirus

April 1, 2020

Following the coronavirus pandemic, Volkswagen AG expects the Chinese car market to return to last year’s level by early summer, with the country’s vehicle sales showing signs of fast recovery, reports China Daily. The world’s largest carmaker estimated that China’s vehicle sales will rise to around 1 million in March, up from 250,000 in February when coronavirus was at its height in the country.

Stephan Woellenstein, Volkswagen Group China CEO, is reported to have said, “There are more and more signs that business is recovering. By the middle of the year, we could be back to last year’s level. Hope is returning to the Chinese market.”

The group has resumed production of vehicles and components at twenty-two of their twenty-four manufacturing bases across China. Woellenstein stated that some are running at a reduced capacity, but are ready to increase production when demand picks up.

VW is said to be sticking to the 2020 plan it announced last year to invest more than 4 billion euros in China with its partners. Around 40% of the investment will go into electric vehicles. Starting this year, Volkswagen plans to  produce electric vehicles in China on its purpose-built platform. The group plans to sell 1.5 million electric cars in 2025 in the country.

“We assume that the recovery will continue and that we will be operating in a normal market environment again in 2021,” added Woellenstein.


In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • “Scrap is the new gold” and other hardmetal and hard materials insights from Euro PM2023 Congress, Lisbon
  • IperionX: A Powder Metallurgy route to lower-cost recycled titanium plate, billet, bar and preforms with reduced CO2 emissions
  • A review of the sintering of iron-copper-carbon alloys for structural Powder Metallurgy applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link