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Audi has a long partnership with FAW, which is based in the city of Changchun in the northeast of China, the world’s biggest car market. The German firm also plans to make vehicles with Shanghai-based automaker SAIC Motor

BEIJING : German premium automaker Audi AG said on Tuesday it had signed a memorandum of understanding with China’s state-owned FAW Group to launch a venture to make premium electric vehicles (EVs).

Audi said it would produce models based on the Premium Platform Electric (PPE), a base developed with Porsche. It said the new venture would start manufacturing several models in China from 2024.