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Audi Expects To Sell Half Million Cars In China This Year

Volkswagen's <VOWG_p.DE> luxury division Audi plans to sell about half a million cars this year in China, the world's biggest auto market, and raise the number of its Chinese dealers to 500 by 2017.The German automaker hopes its car sales will exceed 500,000 this year, executives told reporters on Friday before the Beijing auto show, which opens on Sunday.Foreign auto makers, such as General Motors Co <GM.N> and Toyota Motor Corp <7203.T>, and domestic players such as SAIC Motor Corp <600104.SS> have been competing aggressively in China, where rising affluence is boosting car ownership."This country has an increasing number of mega cities," Audi Chief Executive Rupert Stadler said, naming Beijing, Shanghai and Guangzhou as examples. "In these three areas, there are as many people as, for example, in Germany."In 2013, Audi sold 488,000 vehicles in China and a total of 492,000 including Hong Kong. Executives said it aimed to take advantage of the increasing popularity of SUVs and rising ...

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