Audi Ramping Up Production in China

Audi Ramping Up Production in China

0 comments 📅27 April 2018, 04:00

Audi is planning to dual production in China in the next five years by expanding joint ventures in the motherland.

Audi boss Rupert Stadler talked about the plan at the Beijing auto make known earlier today. Stadler said that working with Chinese confederate FAW, the automaker would be seriously expanding production in the country.

In order to do that, Audi is looking to come forward 10 new SUVs in China in just four years. It also expects 30 percent of sales to make from electric vehicles by 2025.

Audi will also be expanding the range of vehicles it builds with fellow-dance SAIC Motor Corp, and double engineering staff to 800 without putting a experience frame on that target.

About 10 percent of Audis sold in China are imported, but the T expects that number to increase if the country reduces the current duty on imported vehicles. Earlier this month, Chinese President Xi Jinping pledged to crop import tariffs on cars as part of ongoing trade tensions with the U.S.

[source: Reuters]

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