If Volkswagen was hoping for a post-pandemic bounce back in China, they may have to wait another year…
The automaker announced this week that they are expecting sales in China to stay nearly steady on a year-over-year basis from 2021. The company is expecting about 3.3 million vehicles sold in 2022, according to Reuters.
The company head of China told media this week that the company is still struggling to “make up the impact of coronavirus lockdowns and chip shortages”. Previously, Volkswagen had forecast sales of 3.85 million for the year.
This number would have been on a par with pre-pandemic numbers, but it doesn’t look as though the automaker is even going to make it within 10% of its original sales goal. The company had already adjusted its expectations for sales during the middle of the year, the report says.