News Flash丨FAW-VW to Invest Over 2.3 billion Yuan Introducing three SUV models in Tianjin Plant, Commencing from 2026
FAW-Volkswagen (FAW-VW) intends to invest more than 2.3 billion yuan to launch three new SUV models under the Volkswagen and Audi brands at the Tianjin facility beginning in 2026.
enorth · 2024-05-20
FAW-Volkswagen ("FAW-VW") has signed an Investment Cooperation Agreement with the Tianjin Economic-Technological Development Area (TEDA), indicating plans to launch three new automobile models under the renowned Volkswagen and Audi brands.
These vehicles will be produced in the company's Tianjin plant, with an investment of more than 2.3 billion yuan. Production is slated to begin in 2026. Two of these planned models will be new energy vehicles (NEVs), aimed largely at the mid- to high-end market.
The action is expected to greatly increase the share of NEVs in Tianjin's automotive sector while also providing full support for the high-quality expansion of the city's NEV and Intelligent Connected Vehicle industries. Furthermore, it is predicted to increase the output value of Tianjin's car components industries by approximately ten billion yuan.
2022 VOLKSWAGEN
POLO
202210,000kmPetrol
$9,844
2018 CHERY
TIGGO 3
201971,500kmPetrol
$5,231
2021 VOLKSWAGEN
GOLF
202315,000kmPetrol
$17,512
2022 AUDI
Q2L
20233,000kmPetrol
$20,303
2015 HYUNDAI
TUCSON
201770,000kmPetrol
$8,551
2015 RENAULT
CAPTUR
201644,200kmPetrol
$7,214
2018 TOYOTA
CAMRY
201890,000kmPetrol
$15,161
2020 GEELY
VISION X3
202160,000kmPetrol
$6,054