China is the biggest market for Volkswagen Group. The German auto maker sold 2.26 million units in the rising economic powerhouse, and has recorded a 17.1% increase in deliveries during the first seven months of 2012 despite a challenging economic outlook.
Volkswagen Group China is the largest and earliest international partner in China's automotive industry. The company step foot in China back in 1978 has established two joint ventures, namely Shanghai Volkswagen Automotive Co. Ltd and FAW-Volkswagen Automotive Company Ltd. These two joint ventures produce more than 20 Volkswagen, Skoda and Audi models.
The founding stone ceremony in Tianjin was even graced by Philipp Roesler, Germany's minister of economics and technology. Perhaps, the tie between Volkswagen and China has gone beyond business dealings. He was travelling with Germany’s Chancellor, Angela Merkel, who visited Tianjin recently on the second leg of a two-day trip to China.