Volkswagen China JV to launch new brand

Updated 2017-11-09 17:31:58 Xinhua

FAW-Volkswagen, a Sino-German joint venture, has announced it will release its third brand during the next decade.

The new brand follows Audi and Volkswagen, the company said as it unveiled its strategy for 2025, which included a focus on developing new energy cars and Internet connectivity preinstalled in all vehicles before they leave the factory.

Environmental friendliness and digitalization are the future direction for the company, it said.

The joint venture aims to hold bigger market shares in key Chinese cities with its three brands.

FAW-Volkswagen was founded in 1991 with Changchun-based China FAW Group. The joint venture has produced more than 15 million cars and aims to raise its annual output to 3 million units by 2020.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 17 2018 02:17:24

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 17 2018 02:17:24

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 17 2018 02:17:24

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords