BEIJING: Volkswagen AG and its Chinese joint venture partner SAIC Motor plan to invest 4.13 billion yuan (US$590mil) to revamp their car plants in Shanghai to make new Audi sedans, according to a government document seen by Reuters.
SAIC Volkswagen, the joint venture (JV) of Wolfsburg-based automaker and China’s biggest automaker, currently only sells cars under the Volkswagen and Skoda marques. Audi is Volkswagen’s luxury car unit.
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