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AUDI AG and FAW Group sign strategic growth plan for China

Changchun 每 AUDI AG is set to further expand its business activities in the Chinese market: Together with its local partner FAW Group, the company has defined 21 key strategy fields with respective goals in a 10-year plan. Audi will significantly expand its model portfolio locally produced at FAW VW and enter new segments, including electrified automobiles. With a new dedicated company for mobility and digital services, the two partners want to advance their joint commitment in this expanding premium business segment. Furthermore Audi and FAW will intensify their collaboration in financial services aiming to serve the rapidly growing demand from Audi customers in this field. With this agenda for the future, Audi and FAW are laying the groundwork to continue the growth strategy of the four rings in China.

The agreement was signed yesterday in Changchun by Rupert Stadler, CEO of AUDI AG,  Jochem Heizmann, President of Volkswagen Group China, and Xu Ping, Chairman of Board of Directors of FAW Group.  

※In the past 29 years, Audi and the FAW Group have written Chinese automotive history. Together we have established the premium market in China and have continuously advanced its development,§ says Rupert Stadler. ※Now we are once again setting a historic milestone by enhancing our successful partnership with a strong roadmap for the coming decade.§

※We are starting the next phase of our joint growth path in China. More than ever, our partnership is focusing on profitable, sustainable growth,§ says Dietmar Voggenreiter, Board Member for Sales and Marketing at AUDI AG, with regard to the signing of the agreement in Changchun. ※China is the leading market worldwide for electric mobility. With our e-tron initiative, we want to create a compelling premium offer of products and services here.§

Corporate Communications Christine Maukel  Spokeswoman Sales and Marketing Tel: +49 841 89-41573 E-mail: christine.maukel@audi.de www.audi-mediacenter.com

In the next five years alone, Audi and FAW have agreed to produce five additional e-tron models locally and introduce them to the Chinese market 每 including purely battery-powered cars with ranges of more than 500 kilometers (310.7 mi) . With the Audi A6 L e-tron as first locally produced plug-in hybrid and the Q7 e-tron* as import model, Audi will sell two electrified fullsize models in China from this year on.  

Fuel/power consumption of the models named above:
 

Audi Q7 3.0 TDI e-tron quattro: Combined fuel consumption in l/100 km: 1.9 每 1.8 (123.8 每 130.7 US mpg) **;  Combined electrical consumption in kWh/100 km: 19.0 每 18.1 (19.0 每 18.1 kWh/62.1 mi)** ; Combined CO2 emissions in g/km: 50 每 48 (80.5 每 77.2 g/mi)**

** Figures depend on the tire/wheel sets used.



 

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