Volkswagen Sees China Sales Dropping on Covid Zero Policy Return
- Sales will be roughly 14% lower than expected: VW China chief
- VW has said sales will be basically on par with 2021 levels
A Volkswagen ID.6X during the 2022 Central China International Auto Show in Wuhan.
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Volkswagen AG has lowered its sales target in China by roughly 14% for this year as the country reinstates its Covid-Zero policy that led to widespread supply-chain disruptions for the auto industry.
The German carmaker plans to sell 3.3 million cars in China this year, on par with the previous year’s results and about a half million fewer than the 3.85 million previously estimated, the company’s China chief Ralf Brandstaetter said in an interview with Handelsblatt newspaper published Tuesday.