Recently, Jochem Heizmann, president of Volkswagen Group (China), said in an interview that the growth of China's auto market will slow down in 2015. And in the next five years, the growth rate of the Volkswagen Group will drop from double digits to single digits.
Heizmann said that the momentum of China's largest auto market in the world will drop significantly in 2015, and the previous rapid growth will gradually return to normalization. Of course, despite this, Heizmann believes that "the development of the Chinese auto market will be significantly better than any other auto market."
More than one-third (37%) of Volkswagen's sales are from the Chinese automotive market. In September this year, Volkswagen's sales growth in China reached 15.2%, while global growth was only 5.3%. The public's dependence on the Chinese market is also evident.
"As long as the Chinese market grows faster than the world average, and we have to maintain a market share in China, we must ensure that China's share in our group rises." This is why Heizmann was very supportive of opening a new factory in Urumqi. Even the economic level of Xinjiang is still very weak. "As early as 30 years ago, the Volkswagen Group entered the Chinese market. At the time, no one predicted that China would become such a big market and it would be of such great significance to the automotive industry." Heizmann said, "So, I I firmly believe that after ten years, no one will question whether we are building a factory in Xinjiang. This will be another pioneering behavior, and we will receive a medium- and long-term return."
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