Invested with over RMB1bn, China-Germany FAW-VW New Technology Development Center Opened
The New Technology Development Center of FAW-Volkswagen Co., Ltd., a joint venture between China and German, was completed on November 29, 2021. The project, invested with more than RMB 1 billion, is expected to reinforce FAW-VW’s capacity of innovation and R&D, speed up the pace of electrification and digital transformation, and also facilitate the transformation and upgrading of automobile industry of the old industrial base in Northeast China.