Investment Dynamics
FAW-Volkswagen Burst out Strength to Electric Travel and Intelligent Network
Date:2018/08/01 10:45:00 Author: Source:

 

 

Recently, China First Automobile Group Co., Ltd. (hereinafter referred to as “China FAW”) and Volkswagen Group (China) signed a memorandum of understanding after the “Sino-German Autopilot Special Exhibition” in Berlin, Germany. The signing of the memorandum of understanding will further help deepening the economic and trade cooperation between China and Germany, consolidate the cooperation relationship between China FAW and Volkswagen Group, and aim to continue to provide customers with comprehensive intelligent travel solutions.

 

Under the new cooperation framework, China FAW and Volkswagen Group (China) will establish two new joint ventures and will provide home charging, public and semi-public charging, charging data services, management of re-use of batteries and other solutions around charging infrastructure construction and charging-related services. At the same time, the two sides will also provide innovative intelligent network services and first-class digital customer experience services to provide users with comprehensive intelligent travel solutions to strengthen the cooperation relationship between China FAW and Volkswagen Group.

 

The relevant person in charge of China FAW stated that the signing of the memorandum of understanding showed the innovative spirit of having the courage to explore of China FAW. The forward-looking strategic layout in the field of new energy and intelligent network will strengthen China FAW's leading position in the field of intelligent travel and lead the direction of industrial development. We will continue to satisfy consumers' pursuit of "good life and wonderful travel", provide first-class mobile travel solutions for our customers, and shoulder the heavy responsibility of the Chinese automobile industry given by history.

 

As a joint venture between China FAW and Volkswagen, FAW-Volkswagen Automotive Co., Ltd. has made remarkable achievements since its establishment 27 years ago. The signing of the memorandum of understanding between the Chinese and German shareholders has pointed out the direction for FAW-Volkswagen's development in the field of electric travel and intelligent network. FAW-Volkswagen will not only carry out extensive exploration and planning in the field of charging, but also contribute to the promotion of intelligent network projects to strengthen its frontier position in the field of intelligent travel and lead the direction of industrial development.

Relying on the sincere cooperation between the Chinese and German shareholders, FAW-Volkswagen will bring more abundant new energy vehicle products and more innovative travel services to customers.

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