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Audi Approved for $3.3 Billion EV Factory in China
Audi and FAW Group, the state-owned partner it is effectively required to have in order to preferential treatment from the Communist Party of China, received some good news this week. Government officials have approved the duo for a new, jointly operated production facility in Changchun.
With Volkswagen Group having shifted its focus toward China in recent years, the market has become all-important for the German company. VW is currently the top-selling brand for the entire region, with its Audi subsidiary typically being the highest volume premium automaker from Europe. Building in China is good optics for brands hoping to remain popular there and has the added benefit of placing manufacturing complexes closer to relevant suppliers, especially if you’re swapping to electric vehicles.
Quote Of The Day: PeaPod Pisses Off Edition
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People really viewed the Peapod as an incredible case study in how you could – in modern times – bring forward a completely new idea in the automotive sector in the space of just several months. It was pretty phenomenal
Remember the PeaPod? It was “the new wave car for the younger set” masterminded by former Chrysler “Chief Innovation Officer” Peter Arnell, during the chaotic “try anything” years of Cerberus ownership. It was supposed to start going on sale last October, but the division (formerly known as GEM) was spun out of new Chrysler during bankruptcy and hasn’t been heard from since. Surprised?
MSN Auto Achieves Worst Automotive Headline In Quite Some Time
It’s incredibly hard to figure out where MSN Autos came up with the headline “ CT&T Set to Take the EV Mainstream” for its write up on the South Korean firm’s presentation at the NAIAS. Hell, the author even admits:
Unfortunately, none of the vehicles is approved for “normal” use on America’s highways and byways. Instead, they are categorized as low-speed vehicles by the National Highway Traffic Safety Administration, the same classification given to golf carts and other similar-sized, 4-wheeled vehicles.
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