On January 18th, FAW Group, Audi, and the government of Changchun jointly signed an agreement, announcing the establishment of the Audi-FAW New Energy joint venture in Changchun.
The Audi-FAW New Energy joint venture project plans to introduce the PPE platform, a high-end pure electric vehicle platform jointly developed by Audi and Porsche. The first factory is planned to have an investment of over RMB 30 billion, with the first model set to be produced in Changchun in 2024.
Meanwhile, the future PPE products will be sold by FAW-Volkswagen’s wholly-owned subsidiary, FAW Audi.
🔗Source: Audi
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