April 2, 2018 / 8:29 AM / 4 months ago

Audi aims to double China sales over six years: executive to paper

FRANKFURT (Reuters) - Volkswagen’s (VOWG_p.DE) premium brand Audi (NSUG.DE) aims to double sales in China over the coming six years, sales chief Bram Schot told Automobilwoche.

FILE PHOTO: An Audi Q8 concept is shown during a workshop prior to Auto Guangzhou in Guangzhou, China November 16, 2017. REUTERS/Bobby Yip /File Photo

“In 2023 we want to sell 1.2 million cars in China,” the German trade magazine quoted him as saying.

Audi sold 597,000 vehicles in China, its biggest single market, last year.

The company last year resolved a dispute with dealers in China that could have disrupted the luxury carmaker’s business in the world’s biggest auto market.

The dispute stemmed from a long-term collaboration between Audi and SAIC Motor Corp (600104.SS) that had riled Audi store operators in China, who among others sell Chinese-made vehicles as part of Audi’s existing joint venture with China’s FAW Corp [SASACJ.UL].

Schot said Audi would continue to work with both SAIC and FAW.

Reporting by Maria Sheahan; editing by John Stonestreet

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