The world's largest car manufacturer, Volkswagen, has revealed ambitious growth plans for China.
Alongside its leading position globally, the German company is also the largest foreign manufacturer in China.
Over a third of VW's foreign sales currently come from China, and now the firm plans to further cement this position by rapidly transforming its product range.
By 2020, VW aims to sell predominantly electric or hybrid1 vehicles in China, through partnerships2 with local firms as well as ride-hailing pioneer Didi.
The move towards producing electric cars is in anticipation3 of the tightening4 of Chinese emissions5 standards, and an anticipated new emissions trading scheme.
Volkswagen has become the world's largest car manufacturer, helped by its impressive sales growth in China.
That performance was all the more impressive given controversy6 surrounding the firm's emissions scandal last year.
Analysts7 have revealed that the Chinese market proved to be particularly beneficial to VW in this regard, as the company sells fewer of the affected8 diesel9 models in the country, and a larger number of petrol vehicles.
Overall, VW grew by a very impressive 12.2 percent in China in 2016.
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