Manufacturing News

Audi sees its China sales growing up to 15% this year sees its China sales growing up to 15% this year

Audi AG, the luxury brand of the Volkswagen Group, expects to increase its annual sales in China up to 15 percent this year, according to Chinese media.

China's State Information Center, a government think tank, predicts luxury car sales will grow 16 percent in 2015, but Audi is more cautious about the market's growth prospects, reports China Economy, a Beijing-based website.

"We allow some flexibility when setting the sales target, with the growth expected to range from 10 percent to 15 percent this year," Ge Shuwen, vice president of FAW-Volkswagen's Audi sales unit, told China Economy.

FAW-Volkswagen is Volkswagen's joint venture with China FAW Group Corp. The partnership builds the Audi A3, Q3, Q5 and also the stretched A4 and A6.

Audi remained China's top-selling luxury brand in 2014. It sold 578,932 units of locally built and imported vehicles in China, up nearly 18 percent.

Audi maintained a comfortable lead over BMW -- which sold 455,979 vehicles -- and Mercedes, which delivered 281,588 units in 2014.

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