Volkswagen is betting demand for electric vehicles and easing supply constraints will help it return to growth in China this year, after the global chip shortage dented sales in 2021.
The VW brand accounted for about 2.26-million deliveries, or about 11% of the national vehicle market. That compares to a previous share of 14%-15%, which Wollenstein described as a “substantial loss”. “If you talk to our logistic and production colleagues, it’s probably the hardest time in their business life,” said Wollenstein. “We have to adjust our production programmes more or less weekly, depending on what we are getting as supplies on a global basis, and what difficulties we have to deal with on a local basis.”
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