Is the Volkswagen Passat a joint venture car?
1 Answers
Volkswagen Passat belongs to a joint venture car. Definition of joint venture car: A joint venture car refers to a project jointly established by Chinese and overseas investors, where the Chinese side provides land and factory usage rights as well as capital, while the overseas investors contribute brand, technology, capital, and talent. Introduction to Passat: The Passat (PASSAT) is a mid-size sedan designed by Volkswagen AG in Germany. It is classified as a B-segment car in Volkswagen's vehicle lineup. Since its debut in 1973, the Volkswagen Passat has swept the global automobile market with its high safety standards, classic design, and top-tier manufacturing quality over the past 40 years, with over 30 million units produced and sold.