German automotive company loses market share in China. Closes plant in Nanjing
Volkswagen and SAIC are preparing to close the Nanjing plant, where models from the entire Passat lineup are currently manufactured. The decision is being driven by declining interest from Chinese customers.
SAIC Volkswagen Automotive Co. was established in 1984 as a joint venture in which SAIC Motor holds a 50 percent stake, Volkswagen AG 40 percent and Volkswagen (China) Invest 10 percent.
Last year, the company's several plants produced approximately 1.6 million cars for three VW Group brands: Skoda, Volkswagen, and Audi. Market share was 7%, a 12.9% decline.
Western and Japanese automotive companies are losing technological competition to local manufacturers in the Chinese market, especially when it comes to electric cars.
Production has already been discontinued in Nanjing, and now the dismantling of the technological lines has begun, which, according to the German economic daily Handelsblatt, will be transferred to another plant in Jiangsu province.
Journalist, graduate of political science at the Faculty of Law and Administration of the Jagiellonian University. Associated with the media for over 40 years. After graduating in 1982, he worked on the editorial staff of "Gazeta Krakowska" and "Kurier Polski." A member of the editorial team of "Przegląd Techniczny." He has published articles in "Student," "Przekrój," and "Życie Literackie." Since the economic and political transformation, he has been associated with Reuters as a correspondent in Krakow for over 20 years. For the next three years, he conducted practical classes with students at the Institute of Journalism, Media, and Social Communication of the Jagiellonian University. Since December 2021, he has joined the PTWP Group and works for the WNP.PL portal. His main professional interests include economics and politics at the global level and the participation of Polish business in this field, particularly companies listed on the Warsaw Stock Exchange. Winner of the "Ostra Pióra" award, granted for "spreading economic education" by the BCC, as well as the Golden Pear - a journalistic award of the Małopolska Branch of the Association of Journalists of the Republic of Poland.
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