November 17 news, according to "Automobilwoche" reported, citing people familiar with the matter,Volkswagen plans to replace Stephan Woellenstein, chief executive of Volkswagen Group China, on February 1 next year.The company's announcement was imminent, the report said, though Volkswagen would not comment.
In early 2019, Mr. Feng officially became CEO of Volkswagen Group (China) and a member of the board of directors of Volkswagen Passenger Car Brand Management.
In August 2016, Mr. Feng became CEO of Volkswagen Passenger Car Brand China. In 1994, he received his Ph.D. from Farron University in Westerfalen, Minster, and joined the Volkswagen Group in 1995.
In fact, Volkswagen's domestic sales have continued to decline in recent years, with its market share declining. VW's old rival in the Chinese market, The Japanese, has increased its market share.
Statistics show thatIn 2019, 40% of Volkswagen Group's sales will be in China, with a cumulative total of 4.23 million vehicles, up 0.6% yoY, and its market share in China will rise to 20%.
For every five cars sold in the Chinese market, there is one Volkswagen, which is also a small peak for Volkswagen in the Chinese market. Then Volkswagen's sales in the domestic car market began to fall.
Volkswagen and its joint venture delivered 3.85 million vehicles in Chinese mainland and Hong Kong in 2020, down 9.1 percent from the same period in 2019.
In the first three quarters of 2021, Volkswagen sold 2.55 million vehicles in China, down 4.1 percent from a year earlier. SAIC-Volkswagen, in particular, sold 970,000 vehicles in the January-October period, down 18% from a year earlier.
At present, Volkswagen has begun to import ID series electric vehicle models in the Chinese market, but still not fully released market competitiveness, VW two joint ventures ID series sales,Also just broke through the 10,000-vehicle mark, with the domestic BYD, car-building new forces compared to the explosion model is huge difference.
In the future, Volkswagen will be able to continue the decades-old history of fuel vehicles in China, the market will give the answer.