Well prepared for further growthChina's joining of the WTO has opened up new perspectives. As far as the car market is concerned, lower import duties mean a greater buying incentive – and therefore growth. The liberalisation of the Chinese economy is expected to produce a further increase. As a partner of the FAW-Volkswagen joint venture, Audi is extremely well prepared for this. | |
On the trail of the Silk RoadThe foundation stone for the successful presence of AUDI AG in China was laid back in 1988. After negotiations lasting a year, the first joint venture agreement was signed with the Chinese First Automobile Works (FAW), based in the province of Jijin in Northeast China. This was followed by another important milestone in 1995 - the inclusion in the FAW-Volkswagen joint venture, which had been established in 1991. AUDI AG has a 10 percent share in the joint venture. The successful production of a modified Audi 100 with a V6 engine was followed in January 2000 by the market launch of the A6. Together with FAW, this model has been specifically adapted to the needs of the Chinese market. This is an absolute first in the premium vehicle segment. Typical Audi! Since April 2003 the Audi A4 has also been produced locally in Changchun for the Chinese market. | |
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