Is the Magotan from SAIC Volkswagen or FAW-Volkswagen?
1 Answers
Magotan belongs to FAW-Volkswagen. Below is a detailed introduction about FAW-Volkswagen: 1. Both FAW-Volkswagen and SAIC Volkswagen are joint ventures of Volkswagen in China, with the difference lying in their respective joint venture partners. 2. FAW-Volkswagen was established in 1991 and is headquartered in Changchun, Jilin. It is a large passenger car manufacturer jointly operated by China FAW Group Corporation and Volkswagen Group, with FAW holding 60% of the shares and Volkswagen AG holding 40%. 3. FAW-Volkswagen operates with two brands in China, namely Volkswagen and Audi, both of which are well-known to us. The Audi brand is also one of the most popular luxury brands in China and one of the most profitable car manufacturers.