What is the difference between Shanghai Volkswagen and SAIC Volkswagen?
1 Answers
Shanghai Volkswagen and SAIC Volkswagen have the following differences: 1. Different equity structures: FAW-Volkswagen's shares are only held by FAW, Volkswagen, and Audi, while Shanghai Volkswagen's equity is divided among SAIC Group, Volkswagen Group, and Volkswagen China. 2. Different vehicle models: Both brands feature uniquely designed models with their own distinctive characteristics. Comparatively, Shanghai Volkswagen offers a more comprehensive range, including compact cars, mid-size cars, and full-size cars, providing consumers with more convenient choices. 3. Different establishment times: Shanghai Volkswagen Co., Ltd. was established in 1985, while FAW-Volkswagen was founded in 1991. FAW-Volkswagen has access to more resources and excels in cost management, whereas Shanghai Volkswagen has strong independent R&D capabilities and has made localized improvements to its models to suit Chinese consumers' preferences.