Home / News / Audi will build cars during SAIC in China after shopping stake

Audi will build cars during SAIC in China after shopping stake



Comment on this article 

Print this article Print

Reprint Reprints

Send a letter Respond

Email Article

Share on Facebook

Share on LinkedIn

Share on Twitter

Audi has bought a 1 percent interest in SAIC Volkswagen Automotive, paving a approach for a corner try to build and sell Audi vehicles in China.

Audi paid 115 million yuan ($17.5 million) for a interest on Apr 10, according to a National Enterprise Credit Information Disclosure System, a Beijing operation that also marks shareholding structure changes of businesses incorporated in China.

After Audi’s purchase, SAIC VW has been restructured into a 50-48-1-1 partnership among SAIC Motor, Volkswagen Group, Skoda and Audi. Skoda acquired a interest in a corner try earlier.

Currently, usually FAW-Volkswagen Automotive — a 60-30-10 partnership among China FAW Group, VW Group and Audi — produces and distributes Audi vehicles.

Audi has sought a new prolongation site and a second placement network in China to deflect off foe from German oppulance rivals Mercedes-Benz and BMW.

In Nov 2016, VW Group and SAIC sealed a minute of vigilant to let SAIC VW furnish and marketplace Audi’s products. But a pierce stirred clever protests from Audi’s dealers in China. To damp a retailers, a request has nonetheless to be sealed into a legally contracting agreement.

Audi, that remained a largest oppulance code in China in 2017, was outsold by Mercedes by a initial 5 months of this year: Audi sole 258,413 vehicles, while Mercedes delivered 283,219.

Contact Automotive News


Comment on this article 

Print this article Print

Reprint Reprints

Send a letter Respond

Email Article

Share on Facebook

Share on LinkedIn

Share on Twitter

Check Also

VW devise to leave Iran mystic win for Trump over EU, U.S. says

The Trump administration swayed Volkswagen Group to approve with sanctions on Iran and finish roughly …

Leave a Reply

Your email address will not be published. Required fields are marked *