Volkswagen is a foreign-funded enterprise, not a state-owned enterprise. FAW-Volkswagen, Volkswagen's joint venture in China, is partly controlled by China FAW, so to some extent, FAW-Volkswagen can be regarded as a state-owned enterprise.
Volkswagen is a foreign-funded enterprise, headquartered in Wolfsburg, Germany, and has extensive influence in China. It has established joint ventures with China FAW Group and SAIC to produce Volkswagen brand cars. FAW-Volkswagen is a large-scale automobile joint venture jointly invested by FAW Group, Volkswagen and Audi.