FAW-Volkswagen signs new import MoU with Volkswagen AG at CIIE 2024

Beijing (Gasgoo)- At the seventh China International Import Expo (CIIE), which kicked off on November 5 in Shanghai, FAW-Volkswagen and Volkswagen AG signed a memorandum of understanding on importing complete vehicles and auto parts.

Signing ceremony; photo credit: FAW-Volkswagen

Under this agreement, FAW-Volkswagen will begin importing select parts and complete Audi vehicles from Volkswagen AG in 2025, aiming to diversify product offerings and enhance the quality of mobility for Chinese consumers.

2024 marks Volkswagen's 40th anniversary in China. Since its entry in 1984, Volkswagen has evolved from CKD trial production to an embedded "in China, for China" approach, advancing alongside China's automotive industry.

As a model of Sino-German automotive cooperation, FAW-Volkswagen plays a critical role in Volkswagen AG's "in China, for China" strategy. Over the years, it has expanded from one brand with a single model to three brands offering more than 30 oil-fueled and new energy vehicle (NEV) models, generating nearly 500,000 jobs within the supply chain and contributing over 700 billion yuan in taxes. As competition intensifies in the automotive market, FAW-Volkswagen continues to focus on local needs, driving transformation across production, R&D, logistics, and sustainable development.