Luxury boom

German luxury carmaker Audi's accumulated sales in China since it entered the market in 1988 passed 1 million units in October.

The company, which is the first foreign luxury carmaker produce in China, has revealed an aggressive plan to move another 1 million vehicles in China over the next three years.

Audi produces the A6 and A4 sedans as well as the Q5 SUV at a joint venture with its parent Volkswagen Group and China's FAW Corp.

In the first 11 months of this year, Audi's China's sales topped 200,000 units, maintaining its two-decade reign in the country's luxury car market. Arch-rivals BMW and Mercedes-Benz also posted blistering sales growth in China this year.

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