The three way partnership might be formally established throughout the first quarter of 2021. Apparently, Audi (and Volkswagen Group China) for the very first time will maintain a majority share (60%) in a Chinese language three way partnership.
The manufacturing of electrical Audis will happen in Changchun, within the northeast of China, beginning in 2024, however particulars weren’t revealed.
“Changchun can also be the headquarters of the three way partnership FAW‑Volkswagen, which Audi has been concerned in for greater than 30 years and, along with different areas in China, already produces fashions with the 4 Rings domestically.”
“FAW Audi Gross sales Co., Ltd. will assume duty for promoting the Audi fashions produced domestically by FAW-Volkswagen in addition to Audi import automobiles and future automobiles produced on the joint PPE plant.”
The PPE is a platform co-developed by Porsche and Audi for medium and huge premium automobiles (B via D segments), using an 800 V battery system, dual-motor all-wheel drive or rear-wheel drive and 350 kW charging functionality.
It is one of many 4 main EV platforms developed by the Volkswagen Group that we described about a year ago.