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Article: AUDI TO BUILD NEW PLANT IN CHINA IN SEPTEMBER
- Article from:
- AsiaInfo Services
- Article date:
- July 29, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
07-29-2009
Audi to Build New Plant in China in September
SHANGHAI, Jul 29, 2009 (SinoCast Daily Business Beat via COMTEX) -- Audi, which is under the wing of Volkswagen AG, plans to set up a new plant in China in September with a CNY 1 billion investment, and the annual production capacity is desgined to be 100,000 vehicles.
An executive with the Audi department of FAW-Volkswagen Automotive Co., Ltd. (FAW-VW), one of VW ventures in China, confirmed the saying. He added that Audi A4L and Q5 would be the first batch of car models yielded in the new plant.
Audi itself has not announced any plan about its new plant in China. But industry insiders said that the plant would be an ...
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