Audi AG is deepening its partnership with China’s FAW. It’s confirmed that Changchun, in the northeast of China, will be the headquarters of the newly founded Audi-FAW company.
Audi AG and Volkswagen Group China will receive a 60-percent share, making this company – founded for the local production of fully electric Audi models on the ‘Premium Platform Electric’ (PPE) codeveloped with Porsche – the first cooperation company with a majority interest held by Audi in China.
Local manufacturing of the first PPE model, produced jointly with FAW. is scheduled to start by 2024.
This partnership will allow Audi to increase the number of locally produced models to 12 by the end of 2021. The models produced by its second partner, SAIC Volkswagen, are set to be introduced in 2022.
Markus Duesmann, Chairman of the Board of Management of AUDI AG says: “With the new Audi-FAW company in Changchun, we are further expanding our presence on the Chinese market and strengthening our position as a manufacturer of fully electric premium vehicles through local production. 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. FAW Audi Sales Co., Ltd. adds: “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.”
Audi has so far delivered almost 7 million vehicles on the Chinese market. In 2020 alone, Audi sold 727,358 vehicles in China, the brand’s best ever result in over 30 years of business on the Chinese market.
