Volkswagen will partner with Chinese automaker FAW to launch a new brand, which will build and sell electric cars for Chinese consumers.
Plans were submitted to the Chinese government, although details of the vehicle weren’t publicly disclosed. Honda, Nissan and General Motors have recently expanded into creating their own Chinese market brands in partnership with other Chinese automakers. China’s government is encouraging these partnerships in order to allow their own domestic automakers to gain experience in developing new cars.
[Source: Automotive News]