Leading Chinese carmaker and Germany’s Audi join forces to produce new electric cars on the local market.
Audi and Faw (First Automotive Works) have launched a synergistic project aimed at the production of new electric cars in Changchun, the capital of the Jilin province of north-eastern China.
The project, which cost over 30 billion yun (or about 4.74 billion dollars), will go into operation around the end of 2024 with an annual production capacity of 150,000 vehicles, according to the two automakers.
Thanks to this synergy, economic and trade cooperation between China and Europe and the revitalization of the north-east of the Asian country should be fueled.
The new plant will be Audi’s first dedicated to pure electric cars in China and will produce the first three electric car models including an SUV and sedan after completion.
Electric cars in China, Audi estimates
To date, Audi has delivered more than 7 million cars to China with its cooperation partners.
In addition, in 2021, the auto company delivered around 700,000 vehicles to the Chinese market and sales of its e-tron model, a pure electric car, saw a 68.7% increase year-on-year.
By the end of 2022 , according to the company’s words, nine electric car models are expected to be sold in the Chinese market.