According to numbers reported by a research company LMC Automotive, Toyota was responsible for 7.8% of China’s new car sales during the first nine months of 2019, falling short of toppling Volkswagen as the market leader, but outpacing GM and the local automotive leader SAIC Motor.
Volkswagen, a German automaker, announced on May 14 that it is building two plants in China to produce a total of 600,000 vehicles running on MEB, its modular car platform for electric vehicles.
2019 Shanghai Auto Show kicked off today with various carmakers showcasing their latest technology, concept cars and new vehicles ready for launch.
Volkswagen Group has established a joint venture with a Chinese company once again (official announcement will be made as early as this week), but this time it chose the ride-hailing company, Didi Chuxing rather than traditional car companies.
On the evening of April 30, in response to the rumor of a new joint venture with Volkswagen, Didi Chuxing confirmed that it is in discussions with Volkswagen, Beijing Automotive Industry Holding Co. (BAIC Group), First Auto Works Group Corporation (FAW Group), Guangzhou Automobile Industry Group (GAC Group) and other automobile companies.