Is Volkswagen a Joint Venture or Domestic Car?
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Volkswagen is a joint venture car, with two joint venture brands in China, namely SAIC Volkswagen and FAW-Volkswagen. Volkswagen is a German automotive brand, with its headquarters located in Wolfsburg, Germany, and is one of the world's automobile manufacturers. The brands under Volkswagen include Volkswagen, Lamborghini, Audi, Porsche, Bentley, Bugatti, and others. SAIC Volkswagen Automotive Co., Ltd. was established on February 16, 1985, with business operations including the development, manufacturing, and sales of automobiles, components, accessories, and attachments, as well as providing after-sales services. FAW-Volkswagen Automotive Co., Ltd. was established on February 6, 1991, as a large passenger car production enterprise jointly operated by China FAW Corporation Limited, Volkswagen AG, Audi AG, and Volkswagen (China) Investment Co., Ltd. It is China's first modern passenger car production enterprise established according to economic scale.