Hyperdrive
Audi Reaches Deal With China’s SAIC to Work Together on EVs
An employee runs a diagnostic test on an Audi electric vehicle.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Volkswagen AG’s Audi and SAIC Motor Corp Ltd. have agreed to partner on electric vehicle projects, as Audi seeks to halt a slide in market share in China.
Audi has faced delays in developing a new EV platform, hindering its ability to compete with European and Chinese EV makers. The company, which replaced its chief executive officer last month, is under pressure to improve sales, especially in China.