Official announcement: FAW Audi Sales Co., Ltd. was incorporated in Hangzhou.

Car change news? On February/February/2002 10, FAW-Volkswagen Automobile Co., Ltd. officially announced that its wholly-owned subsidiary, FAW Audi Sales Co., Ltd., was incorporated in Hangzhou and will start the relocation work in early 2022. This move also marks that with the full support and strategic layout of Chinese and German shareholders, Audi brand will open a new stage of development in China.

It is reported that FAW Audi Sales Co., Ltd. has a registered capital of 300 million yuan and is a wholly-owned subsidiary of FAW-Volkswagen Automobile Co., Ltd. registered in Hangzhou. The general manager of the new sales company is Shi, the former general manager of FAW-Volkswagen Audi Sales Division, and the executive deputy general manager is Sun Huibin.

It is reported that FAW-Audi Sales Company will be established on the basis of the existing business functions and organizational structure of FAW-Volkswagen Audi Sales Division, and will be fully responsible for the sales of domestic and imported models of FAW-Audi and PPE products of Audi-FAW new energy joint venture project recently settled in Changchun, and will have independent personnel, financial and procurement authority, and the decision-making efficiency will be further improved.

The establishment of the new sales company will help FAW-Audi to deal with the opportunities and challenges brought by industrial changes and user changes more efficiently, and provide a strong guarantee for the dealers' sustained profitability and high-quality development in the future.