SAIC Motor and Volkswagen extend joint venture to 2040

SAIC Motor and Volkswagen AG signed an agreement on November 26, 2024, to extend their SAIC Volkswagen joint venture by 10 years until 2040. The venture will develop 18 new models by 2030, including pure electric and plug-in hybrid vehicles.

“With the long-term contract extension, we underline the importance of this collaboration and the significance of the Chinese market for the Volkswagen Group.”global.chinadaily.com.cn

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• global.chinadaily.com.cnSAIC, VW extend joint venture to 2040 - Chinadaily.com.cnNov 28, 2024

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