Is SAIC Volkswagen a state-owned or private enterprise?
1 Answers
Shanghai Volkswagen is a Sino-foreign joint venture, neither a state-owned nor a private enterprise. SAIC Volkswagen Automotive Co., Ltd. is jointly operated by SAIC Group and Volkswagen Group. The company was established in October 1984 and is one of the longest-standing automotive joint ventures in China. Introduction to Shanghai Volkswagen models: 1. Santana: The Santana (SANTANA) sedan is a brand car produced by Volkswagen AG in California, USA. Since 1985, after more than 20 years of production history, the ordinary Santana sedan (Santana 87) can be seen all over the country. 2. Sagitar: The Sagitar brand was jointly established by Volkswagen AG and FAW in 2006. The first-generation Sagitar product was a new A-class sedan introduced by FAW Volkswagen in sync with Volkswagen's North American market strategy.