Chinese buyers help push Bentley orders up by 50%, CEO says
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WEDNESDAY, AUGUST 17, 2022
Chinese buyers help push Bentley orders up by 50%, CEO says

Global Economy

Reuters
17 February, 2021, 08:45 pm
Last modified: 17 February, 2021, 08:46 pm

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Chinese buyers help push Bentley orders up by 50%, CEO says

The Volkswagen-owned brand said it had not faced major disruption from Britain’s exit from the European Union nor from a shortage of semi-conductor chips, which has forced some automakers to halt or reduce production

Reuters
17 February, 2021, 08:45 pm
Last modified: 17 February, 2021, 08:46 pm
FILE PHOTO: Bentley logo is pictured ahead of Volkswagen Group's annual general meeting in Berlin, Germany, May 14, 2019. REUTERS/Hannibal Hanschke/File photo
FILE PHOTO: Bentley logo is pictured ahead of Volkswagen Group's annual general meeting in Berlin, Germany, May 14, 2019. REUTERS/Hannibal Hanschke/File photo

Bentley began the year with 50% more orders than the start of last year and built more luxury cars in January than the same time in 2020 as China boosted demand despite challenges from the pandemic, its boss told Reuters on Wednesday.

The Volkswagen-owned brand said it had not faced major disruption from Britain's exit from the European Union nor from a shortage of semi-conductor chips, which has forced some automakers to halt or reduce production.

Based in Crewe, northern England, the over century-old marque made a small profit in 2020, when its factory was forced to close as Britain entered its first national lockdown, and hopes to build on that this year.

"The order bank at the beginning of this year was 50% higher than it was at the beginning of last year," Chief Executive Adrian Hallmark said in an interview.

"China, by far, is the most outstanding performance in the world in respect of level of orders compared with normal expectations."

The firm sold 11,206 cars in 2020.

World+Biz / South Asia

Bentley / china

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