Audi-FAW’s New Venture To Lift EV Production In China
The Chinese authorities have finally approved the US$3.3bn joint venture (JV) between the state-owned FAW Group and Europe’s Audi to manufacture electric vehicles (EVs) in China. The new venture, which will commence its production from 2024, will expand Audi’s existing…
Audi To Make Electric Cars With China’s Oldest Carmaker FAW
FAW is China’s third largest carmaker, and counts Hongqi – or Red Flag – limousines for China’s communist party leaders among its products. It has been trying to gain ground in the world’s largest electric car market against domestic competitors…
Audi To Set Up A Joint Venture With China’s FAW To Manufacture Electric Vehicles
Audi, a German luxury automobile manufacturer, announced that it has signed a Memorandum of Understanding with China’s state-owned automobile company FAW to launch a joint venture to produce electric vehicles in China. The company said that it would produce several…
Audi, EnBW To Turn Electric Car Batteries Into Grid Support Tools
German carmaker Audi and utility EnBW are setting up an electric car battery operation at EnBW’s Heilbronn plant to build scaleable storage facilities by the end of this year, drawing on retired batteries to help power grids. Electric vehicle battery…
