Saturday, September 25, 2021

Audi Reveals Bold New Plan For EV Dominance In China

Audi AG and Volkswagen Group China will own a 60 percent share in the new company, with the remaining 40 percent owned by FAW. “With the new Audi-FAW company in Changchun, we are further expanding our presence in the Chinese market and strengthening our position as a manufacturer of fully electric premium vehicles through local production,” said Markus Duesmann, Chairman of the Board of Management of Audi AG.

“In doing so, we are continuing the Audi success story in China and actively helping to shape the transformation of the Chinese automotive industry as it moves toward sustainable mobility.” Werner Eichhorn, President of Audi China, added: “This deepened partnership between Audi and FAW heralds a new era of electrification as the next ‘golden decade’ for Audi on the highly important Chinese market.”


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