Friday, December 1, 2017

Update 1Audi to develop range of electric cars in China with FAW Energy & Oil Reuters

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UPDATE 1-Audi to develop range of electric cars in China with FAW.
Audi, FAW to build five other electric vehicles in the next five years.
Audi is facing challenge Mercedes, BMW in the key market Adds executive comments, details and information.
BERLIN FRANKFURT, Jan. 17 Reuters - Audi will sell more electric car models in China and develop automated driving there, it said on Tuesday, deepening ties with local partner FAW Group Corp. to counter challengers Mercedes- Benz and BMW on its top market.



Volkswagen's luxury division and other automakers are under pressure to sell more green cars in China as the world's biggest auto market tightens emission rules and discourages the use of fossil fuels in cars in major cities to fight against pollution.
Audi and FAW agreed to produce five electric cars in China over the next five years, the German company said Audi also plans to build the A6 L plug-in hybrid e-tron this year in China and import the Q7 model e-tron for the country.
Future models will include purely electric cars powered by battery with a range of over 500 kilometers Audi said the brand is now importing the A3 e-tron to China, the destination of almost a third of its 1 record 87 million deliveries in 2016.
We start the next phase of our common growth path in China, Audi sales chief said Dietmar Voggenreiter more than ever, our partnership focuses on profitable and sustainable growth.



A first participant in China, Audi remains the best-selling brand, the premium car even though it quickly lost ground to newer models from Mercedes-Benz.
While BMW has fallen behind Mercedes-Benz last year in terms of global sales, China's sales of its BMW and Mini models still surged 11 percent to a record 516.335 cars Audi sales rose only 3 to 6 percent 591.554 vehicles.
Audi and FAW leaders on Monday signed a roadmap of 10 years which includes plans to set up a new company to mobility services and digital, as well as closer cooperation in financial services reporting by Andreas Cremer and Edward Taylor; Editing by Harro ten Wolde and Mark Potter.






Update 1Audi to develop range of electric cars in China with FAW Energy & Oil Reuters, update, expand, electric.





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