On the occasion of the 40th anniversary of the establishment of SAIC Volkswagen, Volkswagen Group and SAIC Group have started a new chapter in cooperation.
On June 27, Volkswagen Group, SAIC Group, Volkswagen (China) Investment Co., Ltd., Volkswagen (China) Technology Co., Ltd. and SAIC Volkswagen signed a number of technical cooperation agreements on SAIC Volkswagen's new product projects in Shanghai.
The content includes a technical cooperation agreement to develop three plug-in hybrid models and two pure electric models in China. China and Germany will jointly "empower the joint venture with technology", opening a new chapter in the joint venture cooperation.
It is expected that starting from 2026 and spanning 2030, a number of jointly developed plug-in hybrid and pure electric models will be launched into the market one after another.
SAIC Volkswagen is one of the earliest joint venture automobile companies in China. It has also set many firsts in the industry. It has participated in and promoted the common development and win-win situation of China's modern automobile industry from its inception to its integration into the global automobile industry.
"The Chinese electric vehicle market is full of vitality and fierce competition. It is of great significance for us to continue to strengthen our strategic cooperation with SAIC and promote the electrification of SAIC Volkswagen's product portfolio." Ralf Brandstätter, Managing Director of Volkswagen Group China and Chairman and CEO of Volkswagen Group (China), said, "We are fully committed to promoting our electrification strategy and have developed a clear roadmap."
At present, the Chinese auto market has become an important part of the global auto industry. The rapid development of new energy vehicles and intelligent vehicles in the Chinese market has also promoted the electrification and intelligentization of the global auto industry. This signing will bring together the advantageous resources of both shareholders of SAIC Volkswagen, help further enrich the product line of the joint venture, and promote the further improvement of the product strength and innovation ability of the joint venture. At the same time, it will also bring more diversified choices to Chinese consumers.
