Is the Magotan from SAIC Volkswagen or FAW-Volkswagen?
1 Answers
Magotan belongs to FAW-Volkswagen. Detailed introduction about FAW-Volkswagen is as follows: 1. Both FAW-Volkswagen and SAIC Volkswagen are joint ventures of Volkswagen in China, the difference lies in their different joint venture partners. 2. FAW-Volkswagen was established in 1991, with its headquarters located in Changchun, Jilin. It is a large-scale passenger car production enterprise jointly operated by China FAW Group Corporation and Volkswagen Group. FAW Group holds 60% of the shares, while Volkswagen Group holds 40%. 3. FAW-Volkswagen operates with dual brands in China, namely Volkswagen and Audi, both of which are well-known. The Audi brand is also one of the most popular luxury brands in China and one of the most profitable automobile enterprises.