Audi predicts luxury vehicle sales in China will hit 4.5 million annually by 2030, a jump of 48 percent from 2020.
Electric vehicles will generate 40 percent of annual luxury sales in 2030, up from 10 percent now, the luxury brand of Volkswagen Group estimates in a strategy report released this week.
China is already the world's biggest market for light vehicles, mainstream or luxury.
At VW Group’s joint venture with China FAW Group Corp. Audi builds the A3, A4 and A6 gasoline sedans; the Q2, Q3 and Q5 gasoline crossovers; and two electric crossovers – the e-tron and the battery variant of the Q2.
Audi will increase the number of models assembled at FAW-VW to 12 by the end of 2021, Audi said, without providing specifics on the new models to be added.
The German luxury brand also plans to launch sales of its first product built at VW Group’s joint venture with SAIC Motor Corp. -- the elongated Audi A7 sedan-- next year.
Audi’s first-half China deliveries jumped 39 percent to 418,188, according to FAW-VW.
In 2020, the brand's China sales rose 5.4 percent to 726,288 vehicles, despite the pandemic.
