Volkswagen plans to maintain 15% market share in China

The head of Volkswagen's China business said that Volkswagen's goal is to maintain its market share in China at around 15% by 2030 and become the largest foreign automaker. This means that Volkswagen's annual sales in China will need to reach 4 million vehicles by then. Last year, Volkswagen sold 3.07 million vehicles in China, and its market share fell from 19.3% in 2020 to 14.5%.