Posted on 9/5/2018
The new plants, which are being built in Qingdao, Tianjin and Foshan, will be operated as part of the joint venture between FAW Group and Volkswagen Group. They will house the production of SUVs and electrified models, with the company suggesting that both segments will grow significantly over the next few years.
“Chinese consumers today are demonstrating strong demand for smart, sustainable electric vehicles as well as fun-to-drive, spacious SUVs,” said Herbert Diess, chairman of the board of management and CEO of VW. “The Volkswagen Group is committed to the China market, our largest market globally, and we will continue to provide high quality products.”
The production line...