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From left: Stephan Woellenstein (CEO Volkswagen Group China), Clemens von Goetze (German Ambassador China), Liu Yunfeng (EVP Volkswagen Group China), Werner Eichhorn (president Audi China) on the ceremonial signing of the brand new JV paperwork |
Volkswagen Group premium model Audi mentioned the related supervisory and administration boards of Audi, VW Group and FAW Group had confirmed Changchun, in northeast China, could be the headquarters of the newly based Audi-FAW firm. On the ceremonial signing in Changchun and Beijing on Monday (18 January) the businesses additionally confirmed Audi AG and Volkswagen Group China would have a 60% share of the brand new JV, making the corporate – based for native manufacturing of totally electrical fashions on Audi’s Premium Platform Electrical (PPE) co-developed with Porsche – the primary cooperation firm with a majority curiosity held by Audi in China.
“With the brand new Audi-FAW firm in Changchun, we’re additional increasing our presence on the Chinese language market and strengthening our place as a producer of totally electrical premium automobiles via native manufacturing,” mentioned Audi chairman and China chief Markus Duesmann. “In doing so, we’re persevering with the Audi success story in China and actively serving to to form the transformation of the Chinese language automotive trade because it strikes towards sustainable mobility.”
Native manufacture of the primary PPE mannequin produced collectively with FAW is scheduled to begin by 2024. Changchun can also be the headquarters of the three way partnership FAW-Volkswagen with which Audi has been concerned for over 30 years and, along with different areas in China, already produces many Audi fashions regionally.
The founding of the brand new PPE firm was formally scheduled for the primary quarter of 2021, following stakeholder consent and Chinese language regulatory approval.
“This deepened partnership between Audi and FAW heralds a brand new period of electrification as the following ‘golden decade’ for Audi on the extremely necessary Chinese language market,” mentioned Audi China president Werner Eichhorn. FAW Audi Gross sales will assume accountability for promoting automobiles produced regionally by FAW-Volkswagen in addition to totally imported Audi automobiles and future automobiles produced on the joint PPE plant.
This partnership with FAW will enable Audi to extend the variety of regionally produced fashions to 12 by the tip of 2021. The fashions produced by its second companion, SAIC Volkswagen, are set to be launched in 2022.
Audi entered China in 1988 and has delivered nearly 7m automobiles there. In 2020, it offered a report 727,358 automobiles.
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