Audi and its partner FAW signed memoranda of understanding for the creation of two new companies for sales as well as mobility and digital services. With these measures, the partners will fundamentally restructure their business in China. The two new companies are expected to start operations by the end of this year.
Audi and partner FAW-Volkswagen will continue to expand their portfolio in China in the future, with both imported and locally produced models. In the next five years, this initiative will include four purely electric models from Chinese manufacturing.
The new distribution company is a wholly owned subsidiary of the joint venture FAW-Volkswagen. The functions of the present Audi sales division within FAW-Volkswagen will be integrated into the new company.
In addition, Audi and FAW will set up a company for new mobility and digital services. Among other projects, the new mobility company will take over the premium mobility service Audi on demand+ which was launched in Beijing in September 2017.
China is taking a pioneer role in terms of digitization. In the future, we can respond to customer requests with even more agility in this area and offer new digitization concepts.—Audi China President Joachim Wedler