Volkswagen AG is opening three new factories in China with its local partner FAW Group as it steps up efforts to maintain leadership in the world’s biggest auto market.
Two of the new facilities will be in Tianjin and Foshan, VW said in an emailed statement, adding it opened one in Qingdao on Monday. The plants will focus on bringing more sport-utility and electric vehicles for local production, the fastest growing segments of China’s auto market.
