Audi and FAW, its partner in China, have signed a memorandum of understanding (MoU) to jointly produce electric vehicles based on its Premium Platform Electric (PPE). The MoU was signed during the Germany-China Automobile Conference, in Changchun, northern China.
The plans for the new company are still being developed. Production of several all-electric Audi models is scheduled to start in 2024.
Audi and FAW are already jointly producing the all-electric Q2L e-tron and the plug-in hybrid A6L TFSIe. In addition, the previously imported Audi e-tron has been produced in Changchun since the end of September.
Markus Duesmann, Chairman of the Board of Management of AUDI AG and responsible for the China-business, says: “This decision emphasizes the strategic importance of the Chinese market. We are thus actively pushing forward with innovations locally.”
Werner Eichhorn, President of Audi China, adds: “This is a further milestone in our electrification strategy for the Chinese market. We are also confirming our commitment both to our longstanding Chinese partner FAW and to our activities in China, which we are now taking to a new level.”
Audi already produces at four locations in China in the FAW-VW joint venture: in Changchun, Foshan, Tianjin and Qingdao, with a total capacity of approximately 700,000 vehicles.
By 2025, Audi plans to generate approximately one third of its unit sales in China with electrified cars.