Volkswagen Advances Channel Restructuring in China: 20 FAW-Volkswagen Stores Authorized to Sell Volkswagen Anhui Models, 40 Import Volkswagen Dealerships Granted After-Sales Authorization

On November 4, Volkswagen is continuing to advance its channel adjustments in China, which mainly involve Volkswagen Anhui and cover both sales and after-sales. On the sales side, 20 FAW-Volkswagen dealerships across the country can currently sell Volkswagen Anhui models (i.e., Volkswagen with the gold logo); some imported Volkswagen stores have launched a dual-brand model, allowing them to sell both gold-logo Volkswagen and imported cars at the same time, while some imported Volkswagen stores sell only imported cars. On the after-sales side, 40 of the more than 70 imported Volkswagen stores have obtained after-sales authorization for Yuzhong (Volkswagen Anhui), and the remaining stores are still being brought on board. Some of the aforementioned 20 FAW-Volkswagen dealerships that can sell gold-logo Volkswagen have also completed after-sales integration. Volkswagen Anhui is Volkswagen brand's third vehicle joint venture in China, as well as Volkswagen Group's first joint venture in China focused on new energy vehicles and its first joint venture in China with full operational management rights. Volkswagen Anhui has currently launched four models, namely Yuzhong 06, 07, 08 and 09. Volkswagen Anhui delivered 1,597 vehicles in October, with cumulative year-on-year growth of 52%.