· SAIC Audi has production/sales qualification Audi holds 1% of SAIC Volkswagen

On June 26, at the 2017 Annual General Meeting of the SAIC Group, Chen Hong, Chairman of SAIC, revealed the progress of cooperation with Audi: German Volkswagen Group has converted 1% of its shares in SAIC-Volkswagen to Audi. Co., Ltd.

After consulting the national corporate credit information disclosure system, Netcom found that the equity of SAIC Volkswagen had changed on June 14. This indicates that the progress of cooperation between SAIC Audi has made breakthroughs. According to current national regulations and industrial policies, SAIC Volkswagen has the qualification to produce and sell Audi products, which lays an important foundation for the development and production preparation of the first product in the plan. .

The cooperation between SAIC Audi can be described as twists and turns. From the end of 2016, after SAIC and Audi signed the cooperation framework for the German headquarters in Wolfsburg, the public opinion about SAIC Audi was pushed to the forefront; then FAW-Volkswagen Audi dealers launched joint obstruction; Until May 2016, the Audi Dealers Association, FAW Group, FAW-Volkswagen and Audi signed a multi-party agreement, which clarified Audi's sales targets in China, and the related matters of SAIC Audi's cooperation gradually subsided.

Even after experiencing multiple obstacles, the cooperation of SAIC Audi has not been terminated. In a communication at the end of April, Mr. Wei Yongxin, General Manager of Audi China, revealed that SAIC Audi's current project focus on product planning. “The whole project is progressing according to plan. The current work focus is on vehicle planning. About SAIC Audi production models, we It is working with SAIC Group to promote product analysis. However, which model was selected for production under the framework of SAIC Audi project has not yet made a final decision. We are actively promoting this project and it is progressing smoothly."

After the model is planned, SAIC Audi will plan the production plan, then the sales plan and the sales network plan. Mr. Wei Yongxin said: "In the production plan, SAIC Audi will use the production system of SAIC Volkswagen in the future, and there is no time pressure on the discussion of sales companies and sales networks."

In a previous announcement issued by SAIC, it was pointed out that the joint venture between SAIC and Audi will introduce Audi brand products for production and sales, and provide new energy vehicles to Chinese consumers, and explore the possibility of smart Internet mobile travel services. Audi guarantees that the same product will not be produced by two partners, nor will it be produced separately by SUVs and cars.

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