Recently, based on the sales data from China Passenger Car Association, SAIC Volkswagen released the sales performance of Q1 2022:
- The cumulative sales volume of Q1 2022 was 314,767 units;
- The cumulative sales volume of SUV in Q1 was 101,209 units;
- The cumulative sales volume of new energy vehicles in Q1 was 20,968 units.
Among them, the cumulative sales of new energy vehicles increased by 288.30%. According to the data released by China Passenger Car Association in March, SAIC Volkswagen and FAW-Volkswagen sold 12,709 new energy vehicles, accounting for 63% of the market share among mainstream joint-venture brands. China Passenger Car Association stated that Volkswagen’s electrification transformation strategy is starting to take effect, while other joint ventures and luxury brands still need to make efforts.
However, compared with the new forces, there is still a certain gap in sales data. The cumulative sales of XPeng in Q1 2022 reached 34,561 units, and NIO sold 25,768 units. In order to catch up with the new forces as a traditional automaker, Volkswagen needs to work harder.
Since the end of March, the local epidemic in Shanghai has shown an explosive growth, which has not only affected the MEB factory with an annual output of 300,000 cars, but also affected most of the parts suppliers. In addition, the holidays of Tomb Sweeping Day and Labor Day will also have a certain impact on production capacity. At present, both production and sales in April will face great uncertainty.
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Source: Volkswagen Official Website
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.