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Volkswagen speeds up China drive as new plant opens

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Volkswagen speeds up China drive as new plant opens

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Europe’s largest carmaker, Volkswagen, has opened a new factory in the Chinese province of Guangdong.

The plant has the capacity to produce 300,000 units a year.

The company says that will double once the factory’s second phase is complete.

The new facility will provide some 6,500 jobs.

Volkswagen has a massive interest in China delivering over 2 million vehicles in the first eight months of this year, an increase of 17.9 per cent on 2012.

VW plan to invest 9.8 billion euros in China by 2018.