SAIC Volkswagen
Chinese joint venture car company / From Wikipedia, the free encyclopedia
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Company type | Joint venture | ||||||
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Industry | Automotive | ||||||
Founded | 12 October 1984; 39 years ago (1984-10-12) | ||||||
Headquarters | Anting, Jiading District, Shanghai, China | ||||||
Area served | China | ||||||
Key people | Chen Hong (chairman) Chen Xianzhang (president) | ||||||
Products | Automobiles, engines | ||||||
Brands | Volkswagen Škoda Audi | ||||||
Owners | SAIC Motor (50%) Volkswagen AG (39%) Volkswagen (China) Invest (10%) Audi AG (1%) | ||||||
Subsidiaries | SAIC Volkswagen Sales Co. Ltd. | ||||||
Chinese name | |||||||
Simplified Chinese | 上汽大众汽车有限公司 | ||||||
Traditional Chinese | 上汽大眾汽車有限公司 | ||||||
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SAIC Volkswagen | |||||||
Simplified Chinese | 上汽大众 | ||||||
Traditional Chinese | 上汽大眾 | ||||||
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Website | www |
SAIC Volkswagen Automotive Co., Ltd., formerly known as Shanghai Volkswagen Automotive Co., Ltd. is an automobile manufacturing company headquartered in Anting, Shanghai, China and a joint venture between SAIC Motor and Volkswagen Group . It was founded in 1984 and produces cars under the Volkswagen, Škoda and Audi marques.[1] It is the second automobile manufacturing joint venture in China after American Motors and the first German car manufacturer to enter China.
The joint venture is made up of equity from SAIC Motor (50%), Volkswagen AG (40%), Volkswagen (China) Invest (10%), with a fixed-term venture for 45 years up until 2030.[2] It is the first of three joint ventures operated by Volkswagen in China, alongside FAW-Volkswagen with FAW Group and Volkswagen Anhui with JAC Group.