AUDI AG announced a new deal with Chinese FAW Group to introduce a series of electrified vehicles as part of a 10-year plan to expand in China. As part of the plan, the company has committed to rolling out five new electrified vehicles in China by 2022.
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.”
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 – including purely battery-powered cars with ranges of more than 500 kilometers (310.7 mi).
Volkswagen Group, for its part, plans to produce 30 electric or hybrid vehicles by 2025 in response to its emissions scandal.