Audi in October 2020 signed a memorandum of understanding with the Chinese state-owned FAW Group to jointly produce premium electric vehicles (EVs) in China.
Audi on Monday said Volkswagen’s premium automaker Audi’s joint venture to manufacture electric vehicles in China with state-owned FAW Group is behind schedule due to a delay in approval by relevant authorities.
The spokesman said construction work would be started at the earliest, without giving a start date for neither the construction of the plant or the production of the cars.
German auto publication Automobilwoche first reported on Monday that licenses to start building the plant for Audi and FAW, which were due to start producing cars from 2024, are expected to arrive in December following the intervention of Germany’s economic ministry. .
FAW owns 40% of the joint venture, while Volkswagen and Audi hold 60%.
The German Economic Ministry was not immediately available to comment.
Audi signed a memorandum of understanding with the Chinese state-owned FAW Group in October 2020 to jointly produce premium electric vehicles (EVs) in China, the world’s largest car market.
The German carmaker has formed a long-standing partnership with FAW to manufacture cars with combustion engines in the northeastern city of Changchun and the southern city of Foshan.
FAW owns 40% of the joint venture, while Volkswagen and Audi hold 60%.
Audi also plans to build vehicles with Shanghai-based automaker SAIC Motor, aiming for electrified vehicles to account for a third of Chinese sales by 2025.
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