Audi’s FAW new energy plant started construction in April with an investment of 20.9 billion yuan and an annual capacity of 150,000 vehicles

2022-05-19 0 By

Beijing News Shell Finance News (reporter Wang Linlin) February 15, Beijing News Shell Finance reporter learned from jilin Province investment project online approval supervision platform, Audi FAW new energy vehicle project has been put on record public;According to the public information, audi faW new energy plant is scheduled to start construction in April this year and be completed in December 2024, with an investment of 20.9 billion yuan.When completed and put into operation, the plant will mainly produce three pure electric new energy models with an annual capacity of 150,000 vehicles.It is reported that in October 2020, Audi and FAW Group signed the “Audi FAW High-end New Energy Vehicle Cooperation Project Memorandum of Understanding”, the two sides set up a new energy joint venture, will introduce the production of PPE platform models.In January last year, Audi China announced that audi and FAW Group confirmed the new energy vehicle joint venture will be located in Changchun, audi and Volkswagen Group will hold 60% of the joint venture, which is audi’s first controlling joint venture in China.Due to chip shortage and other factors, Audi sold 701,289 cars in China in 2021, down 3.6% year-on-year.Faw-volkswagen Audi plans to launch 18 models this year.Beijing News Shell financial reporter Wang Linlin editor Bai Haotian proofread Li Ming