What are the differences between FAW and SAIC Volkswagen?

[DeNorah]

The differences between FAW and SAIC Volkswagen are as follows: In terms of cooperation time: SAIC Volkswagen was established in 1985, which was still in the early stages of China's reform and opening-up, while FAW started in 1991, coinciding with the golden era of reform and opening-up. Therefore, SAIC Volkswagen was seven years earlier than FAW Volkswagen, and FAW has a total of 28 years of cooperation with Volkswagen, so the seven-year gap is not insignificant. Differences in shareholding: FAW holds approximately 60% of the shares, making it the largest shareholder, with Volkswagen holding 30% and Audi holding 10%. In contrast, SAIC holds 50% of the shares, Volkswagen Group holds 40%, and the remaining 10% is owned by Volkswagen China. Of course, these are just general shareholding ratios, but it's clear that FAW has a more advantageous position. In terms of vehicle models: SAIC Volkswagen has the Santana, which achieved considerable success when it first entered the market. FAW Volkswagen, on the other hand, has the Jetta. Although both are Volkswagen brands, these two models are in significant competition. Currently, FAW Volkswagen primarily focuses on sedans, while SAIC not only has sedans but also boasts considerable strength in SUVs and MPVs. Therefore, in terms of vehicle models, SAIC has the upper hand.