Audi, SAIC EV Tie-Up a ‘Coming of Age’ for Chinese Automaking
07/21/2023 13:29
A move by Volkswagen AG’s Audi division to partner with SAIC Motor Corp. to develop electric vehicles marks a turning point in China’s automotive industry from learning from foreign manufacturers to innovating its own technology.
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A move by Volkswagen AG’s Audi division to partner with SAIC Motor Corp. to develop electric vehicles marks a turning point in China’s automotive industry from learning from foreign manufacturers to innovating its own technology.
The 113-year-old German luxury brand said Thursday it reached an agreement with state-owned SAIC in which the two companies will accelerate the electrification of their portfolio as China’s auto market rapidly shifts to EVs.