Volkswagen and SAIC Motor extend their China joint venture until 2040, planning 18 new models.
Volkswagen and SAIC Motor have extended their joint venture, SAIC Volkswagen, until 2040, marking the second renewal of their contract. This partnership, China's first for passenger cars, will now span 55 years. By 2030, they plan to launch 18 new models, with 15 specifically for the Chinese market. The extension emphasizes Volkswagen's strategic focus on China.
November 27, 2024
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