Volkswagen Will Invest 85 Billion 600 Million Euros In Auto Leather In 5 Years.

The Volkswagen Group will invest 85 billion 600 million euros in the next 5 years on new models, technologies and scale of expansion.

The group said that about 2/3 of its investment will be used in more energy efficient and environmentally friendly vehicles.

Martin Winterkorn, chairman of Volkswagen Group, said that because the pressure of innovation in the industry is increasing, and the legislation on carbon dioxide emissions is more and more stringent, so the development cost for the automotive industry will be higher and higher in the future.

However, Volkswagen Group will continue to expand its leading position in the field of technology in terms of its technical and financial advantages, and will certainly achieve the overall goal of 2018 set by the group.

He also said that about 35 billion euros would be invested in German factories.

The 28 factory in Germany is the core of the whole group, because it has excellent team and efficient production capacity, so the core competitiveness of the public products will continue.

Mr. Winterkorn added that the Volkswagen Group is strengthening and expanding its global business to seize market opportunities.

Volkswagen Group will invest 23 billion euros to expand its production capacity, including the construction of a new factory in Poland, the production of Crafter brand commercial vehicle and the

Set up a new factory to produce Audi (Audi) cars.

Company in China

The industry plans to invest 22 billion euros from 2015 to 2019 to build new factories and expand production.

The investment will be jointly funded by the joint venture partners.

According to our correspondent,

In an interview, Wang Quanjie, director general, said that at present, GM, Volkswagen, BMW and many Japanese car companies have begun to adopt the Chinese made leather seats and interior decoration. The development prospect of China's automobile tanning is very good.

Volkswagen's massive expansion plan means that demand for automotive leather will grow synchronously in the future.

China is currently the world's largest auto market, with more than 23 million car sales in 2013, of which 40% are leather seats.

With the prosperity of car market, more and more leather enterprises will pay more attention to the business opportunities of automobile tanning.