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Volkswagen Sticks to 2022 Sales Target in China Despite Poor First Half

  • Carmaker has said it expects 2022 sales to match 2020 levels
  • Covid lockdowns have crimped most car production in China
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Volkswagen AG is sticking to its annual sales target in China despite a dramatic drop off in deliveries in the first half, according to a briefing held by the German automaker in Beijing on Friday.

Covid restrictions that idled two major production bases in Changchun and Shanghai, along with supply chain bottlenecks and the ongoing semiconductor shortage, saw VW deliver just 1.47 million cars in the six months through June, down 20% on the first half of 2021.