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<blockquote data-quote="Weather Man" data-source="post: 16495766" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Audi looks to expand JV partnership in China</strong></span></p><p>Sep. 26, 2020 8:51 AM ET|About: <a href="https://seekingalpha.com/symbol/AUDVF" target="_blank">AUDI AG (AUDVF)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>German automaker Audi (<a href="https://seekingalpha.com/symbol/AUDVF" target="_blank">OTCPK:AUDVF</a>) is in <a href="https://www.reuters.com/article/uk-audi-china-faw-idUKKBN26H0FJ" target="_blank">talks</a> with Chinese counterpart FAW Group about creating a second joint venture to build electric cars on its PPE platform in China, according to Automobilwoche.</p><p></p><p>Audi and state-owned FAW already operate a Chinese joint venture together to build combustion-engined cars in the northeastern city of Changchun and the southern city of Foshan.</p><p></p><p>The move by the Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) property comes with interest in the China EV scene accelerating.</p><p></p><p>Last week, Tesla outlined a plan to ramp up production out of Shanghai and JPMorgan issued a rosy projection for 26% CAGR over 2019-2025 for Chinese auto investment. <a href="https://seekingalpha.com/news/3616448-investors-mull-over-chinese-automakers-after-tesla-battery-day-event" target="_blank">Investors continue to swirl around names</a> like Li Auto (NASDAQ:<a href="https://seekingalpha.com/symbol/LI" target="_blank">LI</a>), Xpeng Motors (NYSE:<a href="https://seekingalpha.com/symbol/XPEV" target="_blank">XPEV</a>), Nio (NYSE:<a href="https://seekingalpha.com/symbol/NIO" target="_blank">NIO</a>) and Kandi Technologies (NASDAQ:<a href="https://seekingalpha.com/symbol/KNDI" target="_blank">KNDI</a>)</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16495766, member: 137766"] [size=6][b]Audi looks to expand JV partnership in China[/b][/size] Sep. 26, 2020 8:51 AM ET|About: [URL='https://seekingalpha.com/symbol/AUDVF']AUDI AG (AUDVF)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor German automaker Audi ([URL='https://seekingalpha.com/symbol/AUDVF']OTCPK:AUDVF[/URL]) is in [URL='https://www.reuters.com/article/uk-audi-china-faw-idUKKBN26H0FJ']talks[/URL] with Chinese counterpart FAW Group about creating a second joint venture to build electric cars on its PPE platform in China, according to Automobilwoche. Audi and state-owned FAW already operate a Chinese joint venture together to build combustion-engined cars in the northeastern city of Changchun and the southern city of Foshan. The move by the Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) property comes with interest in the China EV scene accelerating. Last week, Tesla outlined a plan to ramp up production out of Shanghai and JPMorgan issued a rosy projection for 26% CAGR over 2019-2025 for Chinese auto investment. [URL='https://seekingalpha.com/news/3616448-investors-mull-over-chinese-automakers-after-tesla-battery-day-event']Investors continue to swirl around names[/URL] like Li Auto (NASDAQ:[URL='https://seekingalpha.com/symbol/LI']LI[/URL]), Xpeng Motors (NYSE:[URL='https://seekingalpha.com/symbol/XPEV']XPEV[/URL]), Nio (NYSE:[URL='https://seekingalpha.com/symbol/NIO']NIO[/URL]) and Kandi Technologies (NASDAQ:[URL='https://seekingalpha.com/symbol/KNDI']KNDI[/URL]) [/QUOTE]
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