SAIC, Volkswagan extend joint venture until 2040, to launch 18 new models by 2030
SAIC, Volkswagan extend joint venture until 2040, to launch 18 new models by 2030

SAIC, Volkswagan extend joint venture until 2040, to launch 18 new models by 2030

Chinese state-backed automaker SAIC Motor and the Volkswagen Group have signed an agreement to strengthen their long-term partnership and extending the period for the joint venture SAIC Volkswagen until 2040.

"We are now raising our partnership with SAIC to the next level by making key strategic decisions in areas of product, production and decarbonization. By 2030, SAIC Volkswagen will launch 18 new models. In total, 15 of these cars will be exclusively developed for the Chinese market," Ralf Brandstätter, a member of the Board of Management of Volkswagen AG for China, said in a . . .

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