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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.
Sources: Three Challenges Behind Tesla Model X Delay
The oft-delayed Tesla Model X is currently set for a Q3 2015 launch, two years after it was originally supposed to enter showrooms. How did this happen?
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