Audi to launch new EV venture with China's FAW
By REUTERS | 14 October 2020
BEIJING: Audi AG has signed a memorandum of understanding with China's state-owned FAW Group to launch a venture to make premium electric vehicles (EVs).
Audi has a long partnership with FAW, which is based in the city of Changchun in the northeast of China, the world's biggest car market. The German firm also plans to make vehicles with Shanghai-based automaker SAIC Motor.
Audi said it would produce models based on the Premium Platform Electric (PPE), a base developed with Porsche. It said the new venture would start making several models in China from 2024.
Audi aims to have electrified vehicles make up a third of Chinese sales by 2025. It sold 512,081 vehicles in China in the first nine months of 2020 and about 690,000 vehicles last year.
Audi and Porsche’s representatives in China said there was no plan for Porsche production at the new venture.
EV makers such as home-grown Nio Inc and Xpeng Inc as well as foreign firms like US leader Tesla Inc are expanding manufacturing capacity in China where the government promotes greener vehicles to reduce air pollution.
Tags
Autos Audi
Reviews

Porsche Taycan E-xperience drive: Kuala Lumpur - Kuantan

Mercedes-Benz E 350 e PHEV: Refined elegance, timeless prest...

8.4
Mercedes-Benz E 350 e AMG Line: Best of both worlds

7.9
Xpeng G6 580 Pro: Fresh and fluidic

Guangzhou adventures: Zontes 368 scooter and 703 Adventure m...

7.6
Maserati GranTurismo (Mk2) Modena: Sharp and smooth operator

6.8
Triumph Tiger 900 GT Pro: Multi-talented adventurer

Hyundai Ioniq 5 N: Born rascal
Videos

StarCarSifu Editors' Choice Awards 2024: Top winners

The Snowball – Lamborghini’s Heartwarming Christmas Story of...

EVOGO battery swapping solution showcased at IAA Mobility 20...
