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German premium carmaker Audi AG expects to grow its annual sales in China to 1 million units in two years, saying it is confident in the country's prospects as the world's largest vehicle market. ....
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. ....
BBC News Published Audi is teaming up with China s oldest carmaker FAW to produce luxury electric vehicles. FAW is China s third largest carmaker, and counts Hongqi - or Red Flag - limousines for China s communist party leaders among its products. It has been trying to gain ground in the world s largest electric car market against domestic competitors like Geely and SAIC. The new joint-venture factory will build fully-electric Audi models. The $4.6bn facility is set to open in 2024 in Chungchun in China s Northeast, according to Audi. This deepened partnership between Audi and FAW heralds a new era of electrification as the next golden decade for Audi on the important Chinese market, said President of Audi China Werner Eichhorn, in a press release. ....
Following the signing of a memorandum of understanding (MoU) last year, Audi has now announced the formation of the new company with China’s First Automobile Works (FAW), which will see the production of electric vehicles […] ....
【Summary】German automaker Audi is expanding its presence in China, which is the world’s biggest auto market. Audi announced on Monday a new company with Chinese automaker FAW Group for the future production of electric vehicles in Changchun in the northeast of China. The new joint venture company is named Audi-FAW. FutureCar Staff Jan 18, 2021 3:30 PM PT author: FutureCar Staff From left: Stephan Wöllenstein (CEO Volkswagen Group China), Dr. Clemens von Goetze (German Ambassador China), Dr. Liu Yunfeng (Executive Vice President Volkswagen Group China), Werner Eichhorn (President Audi China) signing. German automaker Audi AG is expanding its presence in China, which is the world s biggest auto market. Audi announced on Monday a new company with Chinese automaker FAW for the future production of electric vehicles in Changchun in the northeast of China. ....