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Home / South China Morning Post / China’s first carmaker FAW joins the rush to ditch petrol guzzlers in a 30 billion yuan venture with Audi to produce electric cars

China’s first carmaker FAW joins the rush to ditch petrol guzzlers in a 30 billion yuan venture with Audi to produce electric cars

Summary:
[unable to retrieve full-text content]China’s very first carmaker is entering the fray to assemble electric cars, as it joins the shift towards electrification in the world’s largest automotive industry, where one in every five vehicles will be powered by electricity by 2025.FAW Group, founded in 1953 to spearhead Mao Zedong’s industrialisation, will team up with its German partner Audi to build a 30 billion yuan (US.6 billion) plant in the Jilin provincial capital of Changchun in north-eastern China. FAW, which already makes…

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[unable to retrieve full-text content]
China’s very first carmaker is entering the fray to assemble electric cars, as it joins the shift towards electrification in the world’s largest automotive industry, where one in every five vehicles will be powered by electricity by 2025.FAW Group, founded in 1953 to spearhead Mao Zedong’s industrialisation, will team up with its German partner Audi to build a 30 billion yuan (US$4.6 billion) plant in the Jilin provincial capital of Changchun in north-eastern China. FAW, which already makes…

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