On July 14, according to Reuters, government documents obtained show that Volkswagen and SAIC (600104) plan to invest RMB 4.13 billion in the Shanghai plant Retrofit to produce Audi.
Reuters reported that the plant is expected to be rebuilt by the end of 2020. Volkswagen and SAIC Motor’s goal for the Shanghai plant transformation is to produce 60,000 Audi A7L and 60,000 new Volkswagen sport utility vehicles.
For the above news, Audi China and SAIC Volkswagen both responded to the surging news that the SAIC Audi project is proceeding as planned, and further information will be announced in due course.
The aforementioned Reuters report shows that Audi will also use printing facilities on SAIC Volkswagen’s new MEB platform. Volkswagen hopes to begin production on the MEB platform in Shanghai in the fourth quarter of this year, and has sought government approval to produce ID.4 pure electric vehicles.
Chen Hong, Chairman of SAIC Group, previously said in an exclusive interview with Peng Mei News that the research and development and production of SAIC Audi projects are in normal progress, and SAIC Audi’s first The product will be put on the market in early 2022.