Audi receives green light for EV factory

Carmaker Audi will be able to greatly expand its EV production capabilities in China in the coming years. Authorities granted the VW subsidiary and its state-owned Chinese partner FAW approval for a roughly $3 billion factory in Changchun in northeastern China. Construction is expected to begin in April, and the plant, with an annual capacity of more than 150,000 vehicles, is scheduled to begin production at the end of 2024. Audi plans to assemble three all-electric models there, including an SUV. „The Audi FAW NEV project is an important cornerstone of Audi’s electrification strategy in China,“ a Volkswagen spokesperson said, confirming the approval.