FAW-Volkswagen

Coordinates: 43°50′34″N 125°11′48″E / 43.84278°N 125.19667°E / 43.84278; 125.19667 (FAW-Volkswagen Changchun)

FAW-Volkswagen Automobile Co., Ltd. (FAW-VW) is a joint venture between FAW Group and Volkswagen Group which manufactures Audi and Volkswagen marque passenger cars for sale in China. Ownership of the company is: FAW – 60%, Volkswagen AG – 20%, Audi AG – 10%, and Volkswagen (China) Invest – 10%. FAW-VW was founded on 6 February 1991.

FAW-VW is headquartered in the south-western fringes of Changchun, Jilin Province, where it also has two vehicle assembly plants. It has an additional assembly plant in Chengdu, Sichuan Province, and a fourth plant is under construction in Foshan, Guangdong Province. FAW-VW is capable of producing the cars based on the platforms of PQ34, PQ35, PQ46 and Audis.

FAW-VW's year-on-year production volume exceeded 513,000 units as of 31.07.2009. In 2011, FAW-VW sold just over 1,000,000 automobiles.

History

On November 20, 1990, the official contract of an annual capacity of 150,000 cars for the joint venture between FAW Group (First Auto World Group) and Volkswagen AG was signed by Geng Zhaojie (耿昭杰), President of FAW and Dr. Carl Hahn, CEO of Volkswagen AG in the Great Hall of the People, Beijing. All of the facilities in the first car plant, including the body shop, paint shop and assembly shop came together from the abandoned factory of VW's in Westmoreland, USA the company started its business officially on September 1, 1992.