According to a report issued by Reuters, Volkswagen will be launching a luxury sedan next year which is going to be commercialized exclusively in China.

According to a report issued by Reuters, Volkswagen will be launching a luxury sedan next year which is going to be commercialized exclusively in China.

Two sources close to Volkswagen cited by Reuters are saying the model in question will be based on the locally-built Audi A6L (long wheelbase), the best-selling luxury sedan in China. It will be interesting to see where this car will be positioned in relation to the aging Phaeton and we are also curious about its price tag since there's a risk it could cannibalize sales of the Audi A6 which in China kicks off at 383,000 yuan ($62,390).

The model in question is codenamed "511" and was actually designed in Europe but will be built in China by the Shanghai Volkswagen joint venture. A market introduction is planned for late 2015 and Volkswagen plans on selling 50,000 units annually. With this model, Volkswagen wants to improve its brand value in the People's Republic where over the next three years they will open up 100 upscale dealerships set to provide a more premium customer experience.

We remind you Volkswagen's continuous range expansion in China also includes the already unveiled Lamando, basically a Jetta CC which will go on sale in November from an estimated starting price of 180,000 yuan ($29,300).

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