Volkswagen-SAIC aim to make Audi sedans in Shanghai plants

Audi e-tron images

German automaker Volkswagen and its Chinese joint venture partner SAIC Motor plan to spend 4.13 billion yuan ($590 million) to revamp their car factories in Shanghai for making new Audi sedans, according to a government document. SAIC shares increased by their maximum daily limit of 10% following the news on Tuesday, becoming their biggest increase […]

General Motors and SAIC’s China sales made recovery in April

SAIC Motor

General Motors’ sales in China saw double-digit year-on-year increase in April, its two local ventures stated on Sunday, as the world’s biggest auto market made recovery from the coronavirus. GM’s joint venture with SAIC Motor, which manufactures Buick, Chevrolet and Cadillac vehicles, stated its sales in China increased 13.6% compared to a year earlier. It […]

Volkswagen’s resumption of some China plants delayed until February 17

Volkswagen brand logo

Volkswagen has delayed restarting production at the majority of China plants in its joint venture with SAIC Motor and the Tianjin plant in its JV with FAW Group until February 17 amid the spread of coronavirus. One car-manufacturing plant Volkswagen collaborates with SAIC in Shanghai and majority of the plants in the FAW joint venture […]

Audi sales volumes in China to increase enough to reverse previous sales drop

new facelift Audi A3 sedan

German automaker Audi anticipates sales volumes in China to increase highly enough in November and December to reverse a 3 percent drop there in the first 10 months of the year. Joachim Wedler, the head of the brand’s Chinese organization, told Reuters on he anticipated a small single-digit percentage increase in full-year volumes in the […]

Volkswagen and JAC electric car venture gets approval from Chinese regulators

Anhui Jianghuai Automobile Co., Ltd JAC

Volkswagen and Anhui Jianghuai Automobile (JAC Motor) have gotten approval from Chinese regulators to form a joint venture to develop electric vehicles, the two companies stated on Monday. The National Development and Reform Commission (NDRC), China’s leading state organizer, provided a green light to JAC and Volkswagen to develop 100,000 pure battery electric vehicles yearly […]