Signed! SAIC and Volkswagen continue to work together!
On November 26, Wang Xiaoqiu, Chairman of SAIC Group, and Volkswagen Group Board Member, President and CEO of Volkswagen Group (China), solemnly signed their names on the joint venture cooperation renewal agreement. According to the agreement, the joint venture period of the two parties will be extended to 2040. Since the first signing in the Great Hall of the People in 1984, SAIC Group and Volkswagen have gone through 40 years of ups and downs together. On June 27 this year, Volkswagen and SAIC Group signed a number of project technical cooperation agreements on new products. From the initial technology introduction to today's technology co-creation, the cooperation model between the two parties has been continuously upgraded, gradually changing from unilateral product and technology output to more in-depth technology sharing and innovation co-construction.
According to the joint venture cooperation agreement, by 2030, SAIC Volkswagen will launch 18 new models, 15 of which will be tailored for the Chinese market. These models will not only fully take into account the needs of Chinese consumers in terms of design, function, performance, etc., but will also make important breakthroughs in the fields of intelligence and new energy. In the field of fuel vehicles, SAIC Volkswagen has taken intelligence as its main direction. This year, Tiguan L Pro and Passat Pro, as the leading models of the "Pro family", have won wide acclaim in the market. Intelligent fuel vehicles not only bring a more efficient driving experience, but also set a new annual sales record in the market segment, fully demonstrating SAIC Volkswagen's strong strength in the field of intelligent fuel vehicles. In the field of new energy vehicles, SAIC Volkswagen, with the ID. family as the core, has successfully assumed the role of leader in the pure electric vehicle market of joint venture brands with its outstanding quality and intelligent innovation, and has achieved cumulative sales of more than 100,000 vehicles, firmly ranking first in the pure electric market of joint venture brands.
In the past 40 years, globalization has been an important driving force for the development of the world economy. In the face of profound changes in the world market structure, harmony and win-win cooperation should still be the main theme of the continuous progress of the automobile industry. Looking back over the past 40 years, the successful cooperation between SAIC Group and Volkswagen is not only the sharing of interests, but also the deepening of trust. In the cooperation, the shareholders of both parties have witnessed the rise of China's automobile industry and strengthened their confidence in the future development of the joint venture. This renewal is the continuation and sublimation of this trust relationship.
#innovation
#manufacturing
#vehicles
#automotive
Founding Partner @LAUNCHub Ventures
4wLove it. Now the design is almost as strong as the credentials :-)