October 24, 2021

Audi, FAW sign deal on new EV joint venture in China

Audi, FAW sign deal on new EV joint venture in China

The e-tron is Audi’s first series production full-electric car.

Audi, FAW sign deal on new EV joint venture in China

Reuters | October 13, 2020 05:35 AM

BEIJING — Audi signed a memorandum of understanding with China’s state-owned FAW Group to launch a new joint venture to make electric vehicles, the automaker said Tuesday in a statement.

Audi has a long partnership with FAW Group in China, the world’s biggest car market.

Audi said it would produce models based on the Premium Platform Electric (PPE), an architecture co-developed with Porsche.
It said the new venture would start manufacturing several models in China starting in 2024.

 

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