Foshan branch of FAW-Volkswagen Automotive Co Ltd | investinchina.chinadaily.com.cn

Foshan branch of FAW-Volkswagen Automotive Co Ltd

  • Updated: Jan 14, 2022

FAW is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China’s oldest and largest automotive group. Its annual sales exceed three million units.

The FAW-Volkswagen Foshan factory was approved by the National Development and Reform Commission on May 31, 2011, and the Foshan branch of FAW-Volkswagen Automotive Co Ltd was officially registered on July 22, 2011. It is located in the Foshan National Hi-tech Industrial Development Zone.

The factory was built in two phases. The phase I project has an investment of about 18.11 billion yuan (about $2.85 billion) and an annual production capacity of 300,000 vehicles, while the phase II project has an investment of about 15.88 billion yuan and an annual production capacity of 300,000 vehicles.

The factory primarily produces the latest Volkswagen and Audi products and the latest new energy vehicles. The auto manufacturing base now has an annual production capacity of 600,000 vehicles.

According to the company’s 2025 strategic development plan, the Foshan factory will transform itself into an electric vehicle production base built on the Modular Electric Drive matrix, also known as the MEB platform. The plant will also be a model for FAW-Volkswagen's future electric vehicle strategy.

The total investment in the electric vehicle project was 11.8 billion yuan. The project started in July 2018 and went into production in 2019. It produces Golf electric vehicles and the Audi Q2 electric vehicle, and will also produce four MEB electric vehicle models from 2020 to 2022.

Maybe you're interested

Mask
Mask
Prev Next

Are You Ready to Start Your Business in an EDZ?

We provide up-to-date information and rich resources about China's EDZs.
If you have questions, please feel free to let us know.

* Please leave a message * Your Email Address

Copyright©2022 China Daily. All rights reserved.