FAW, Audi win approval for $3.3B EV venture

Audi in China.jpg

R

By:

Reuters

February 15, 2022 07:29 AM

SHANGHAI -- Volkswagen Group's Audi premium brand and its Chinese state-owned partner FAW Group have received approval from Chinese authorities to start construction on their $3.3 billion electric vehicle joint venture plant, according to a government notice.

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