Škoda to double its deliveries to China by 2020

Czech car producer Škoda Auto wants to double its deliveries to China to over half a million cars by 2020, the company announced in a press release on Wednesday. Last year the Czech carmaker sold 281,700 cars in China. The company also plans to invest over 50 billion crowns into the development of new technologies. Representatives of Volkswagen, Škoda Auto and Chinese SAIC Motor Corporation signed a memorandum on their future cooperation at the Czech-Chinese business forum in Prague on Wednesday. At the moment, the Chinese market represents about one fourth of the company’s worldwide sales.