Hyperdrive
Audi to Build Electric Cars Geared to Chinese Buyers From 2024
- VW unit expands partnership with local manufacturer FAW
- Company’s deliveries in China rose this year through September
A visitor looks at an Audi e-trion car at the Beijing Auto Show in Beijing on Sept. 27.
Photographer: Wang Zhao/AFP via Getty Images
Volkswagen AG’s Audi is expanding its partnership with Chinese manufacturer FAW as the German premium brand seeks to build more battery-powered cars geared to customers in its largest market.
Audi and FAW on Tuesday signed a memorandum of understanding to start a company that will produce electric cars for the Chinese market from 2024, Audi said in a statement. The new cars will be designed to meet the requirements of local premium buyers and use the PPE electric platform developed with Porsche, Audi said.