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Martin Winterkorn, CEO of Volkswagen AG. The Volkswagen Group. Annual Media Conference 2014. Germany, March 13, 2014. Courtesy of Volkswagen Group

Berlin / Wolfsburg, Germany – March 28, 2014

• Volkswagen Group China and joint venture partners SAIC & FAW sign agreements to develop green models

• Further expansion of production capacity in China planned

The Volkswagen Group will in future be cooperating more closely with its Chinese joint venture partners SAIC Motor Co. and First Automotive Works (FAW) Group in the field of forward-looking technologies.

The Volkswagen Group. Annual Media Conference 2014.
Germany, March 13, 2014.
Courtesy of Volkswagen Group

Joint declarations to that effect were signed in Berlin on Friday by Prof. Dr. Jochem Heizmann, Member of the Board of Management of Volkswagen Aktiengesellschaft with responsibility for China and President and CEO of Volkswagen Group China, with Chen Hong, President of SAIC Motor Co. Ltd., and with Xu Jianyi, Chairman of FAW Group.

The Volkswagen Group. Annual Media Conference 2014.
Germany, March 13, 2014.
Courtesy of Volkswagen Group

The further development of particularly eco-friendly models along with a joint research project was agreed for Shanghai Volkswagen (SVW), while the development and production of a new, very eco-friendly vehicle in China was agreed with FAW.

The Volkswagen Group. Annual Media Conference 2014.
Germany, March 13, 2014.
Courtesy of Volkswagen Group

The signing ceremony took place in the presence of the President of the People’s Republic of China, Xi Jinping, and the Chancellor of the Federal Republic of Germany, Dr. Angela Merkel.

e-Golf
The Volkswagen Group. Annual Media Conference 2014.
Germany, March 13, 2014.
Courtesy of Volkswagen Group

Speaking at the ceremony, Prof. Heizmann said:
"Volkswagen has already been a reliable partner for the People's Republic of China for 30 years. We will continue to set the standard in the Chinese automotive industry with highly-efficient engines and forward-looking technologies."

e-Golf
The Volkswagen Group. Annual Media Conference 2014.
Germany, March 13, 2014.
Courtesy of Volkswagen Group

These projects are part of the €18.2 billion investment program in new plants and products which Volkswagen and its joint venture partners are implementing between 2014 and 2018.

The Volkswagen Group. Annual Media Conference 2014.
Germany, March 13, 2014.
Courtesy of Volkswagen Group

In total, the investment program is the largest in the history of the Chinese automotive industry.

The Volkswagen Group. Annual Media Conference 2014.
Germany, March 13, 2014.
Courtesy of Volkswagen Group

Volkswagen is working together with its partners to foster the development of sustainable mobility in China.

The Volkswagen Group. Annual Media Conference 2014.
Germany, March 13, 2014.
Courtesy of Volkswagen Group

Agreement was also reached on further expanding production capacity at the FAW-Volkswagen joint venture.

A location has not yet been selected.

The e-mobility weeks in Berlin, Germany. March 10-17, 2014.
Courtesy of Volkswagen Group

Volkswagen has set its sights on installing the technical capacity to produce over four million vehicles per year in China by 2018.

In 2013, Volkswagen produced and sold over 3 million vehicles in China.


Special guests: Lang Lang, Volkswagen Ambassador. The e-mobility weeks in Berlin, Germany. March 10-17, 2014. Courtesy of Volkswagen Group

Source: Volkswagen Group

http://www.volkswagenag.com/content/vwcorp/

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