The Sino-German auto joint venture FAW-Volkswagen Automotive sold record 589,088 Audi cars in China's luxury car market in 2016.
The company said its Audi car sales increased 3.73 percent over that in 2015, accounting for nearly one third share of the domestic luxury car market. Of the Audi cars sold in 2016, 539,000 were made in China, an increase of 5.23 percent year on year.
FAW-Volkswagen unveiled a series of new models last year.
Founded in 1991 and based in China's northeastern Jilin Province, the company mainly manufactures Audi and Volkswagen marque passenger cars for sale in China.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
