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FRANKFURT: German auto giant Volkswagen aims to sell more than a million vehicles in China next year, its head of Chinese operations said Friday.
The business daily Handelsblatt quoted Winfried Vahland as saying Europe's biggest automaker was also looking for manufacturing bases in the country.
VW was not planning to take over a domestic producer however, but would either build a new factory or possibly buy an existing production site, Vahland said.
In the long-term, VW aimed for a 20 per cent share of the Chinese car market, from more than 18 per cent currently, the paper reported.
In November, the German group's supervisory board would approve an investment programme to finance a new Chinese factory in China, it added.
On Thursday, VW posted strong Chinese sales, prompting the car maker to raise its full-year sales guidance for the country to 900,000 units from a previous target of 800,000.
In the first nine months of 2007, the automaker increased its sales in China by 30 per cent to 684,786 vehicles. - AFP/ac
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