“We are cautiously optimistic that the worst effects of the crisis will be behind us in two to three months,” said Stephan Wöllenstein, CEO of Volkswagen Group China. He added that the interest of many customers in buying cars was still limited, with the result that many plants were operating at a reduced capacity. “But we are prepared to increase production if demand picks up.” Only the vehicle plants in Changsha and Urumqi are currently still closed.
“On the Chinese market, hope is returning”
Just two months ago, China was considered the center of the corona pandemic. Meanwhile, there are signs of relaxation, with the car industry also slowly returning to normality. Production of vehicles and components has resumed at 22 of 24 Volkswagen locations.