TU-TESL

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From January to September this year, the auto group (China) and three joint ventures, SAIC Volkswagen, Volkswagen and the Chinese mainland and Hongkong market, delivered about 2 million 960 thousand vehicles (3 million 40 thousand vehicles in the same period of 2018, down 2.8%), of which 141600 imported vehicles were delivered. Volkswagen Group's market share in China has further increased, and now it has exceeded 19%. Dr. CEO of Volkswagen Group (China) said: "since 2019, we have experienced many challenges and will continue to be affected by market uncertainties in the next few months. Nevertheless, thanks to the effective and new energy model strategy, the group's performance is expected to continue to rise against the trend in the challenge. " In the first nine months of this year, Volkswagen Group (China) achieved a significant growth of nearly 50% year-on-year, including two new brands Jetta and new SUV models owned by Sihao. Not only that, Volkswagen Group (China) will launch a number of new energy models in the next few months, achieving the goal of 14 new energy models in the whole year. In September 2019, the Volkswagen Group (China) delivered a total of 384100 vehicles, an increase of 0.2% year-on-year, better than the performance of the overall decline of the Chinese automobile market of nearly 6%. Dr. Feng Sihan added, "it is expected that the overall level of the automobile market will decline for the second consecutive year, which is lower than that in 2018. In the long run, we have the strength to surpass the overall level of the market and are confident in the long-term development of the Chinese market. " The Volkswagen brand has further strengthened its position as the preferred brand for Chinese consumers to purchase cars. In the first three quarters of this year, the Volkswagen brand achieved sustained growth in market share with 2194100 vehicles delivered (2241300 vehicles delivered in the same period of 2018, down 2.1% year on year), and the market performance was better than the overall level. Strategic adjustment is still the focus of brand work. Thanks to a strong product offensive, the Volkswagen brand has become the most popular brand in China's SUV market segment, delivering at least 500000 vehicles more than other brands. At present, 8 high-profile models of tuguan, tourui, tuang, tuang x, Tan Ge, tuyue, Tan Yue and Tujia constitute the SUV product lineup of Volkswagen brand, and more SUV models will be added in the future. Next, the Volkswagen brand will further enrich the new energy product matrix. By the end of next year, the number of new energy models will be increased from the current 5 to at least 10. From January to September this year, a total of 491000 models under the brand were delivered, with an increase of 1.7% in cumulative delivery, setting a new record for Audi brand sales. By the end of this year, Audi Q2 L e-tron, Audi e-tron, Audi Q8 and a series of new models will be launched in China. In the first three quarters of this year, Skoda brand delivered 194500 vehicles to Chinese customers (250200 vehicles in the same period of 2018), down 22.3% year on year. Skoda brand is accelerating its SUV product offensive in the Chinese market, and the new model kamiq GT will be released in November this year. Continue to maintain its market position in China. From January to September this year, the Porsche brand delivered more than 64200 vehicles to Chinese customers, an increase of 14.2% over the same period. The first sports car, taycan, released by Porsche in early September, is expected to go on sale in China in 2020.