Volkswagen Says Sales In China Will Drop By 14% Due To Continual COVID Lockdowns

Volkswagen Group has lowered its sales target in China by roughly 14 percent for this year as the country reinstates its COVID-Zero policy that led to widespread supply-chain disruptions for the auto industry.

The automaker plans to sell 3.3 million cars in China this year, on par with the previous year’s results and about a half million fewer than the 3.85 million previously estimated, the company’s China chief Ralf Brandstätter said in an interview with Handelsblatt newspaper published Tuesday.