Here's how Audi will tap into the world's largest electric car market. As Audi prepares to expand its EV family in the US with new models like the upcoming e-tron GT and Q4 e-tron, the German automaker has revealed a bold new plan to break into the world's largest electric car market: China. To capitalize on the popularity of EVs in China, Audi has announced it's teaming up with First Automobile Works (FAW) to form a new company that will develop luxury electric cars for the Chinese market. As part of the joint venture, the two companies will join forces to build Audi-badged electric models at a new $4.6 billion facility opening in Changchun, China, from 2024. This will strengthen VW Group's long-running partnership with FAW that has spawned locally-manufactured Audi and VW models built specifically for the Chinese market including long-wheelbase versions of the Audi A6 and A4.