Volkswagen Financial Services is an important business of audi ag, which consists of Volkswagen Financial Services Limited and its affiliated companies, Volkswagen Bank Limited, Porsche Financial Services, and financial services companies directly or indirectly affiliated to Volkswagen AG in the United States and Canada (excluding Scania brand financial services company and Porsche Holding Company located in Salzburg). Its core business areas include personal credit and financing for dealers and customers, leasing, banking and insurance, fleet management and mobile travel solutions.
Volkswagen Finance (China) Co., Ltd. and Volkswagen New Power Investment Co., Ltd. (hereinafter referred to as "Volkswagen Financial Services China") are wholly-owned subsidiaries of Volkswagen Financial Services Co., Ltd., and Volkswagen Finance (China) Co., Ltd. is the first wholly foreign-owned auto finance company in China established in 2004. Volkswagen Financial Services China works closely with SAIC Volkswagen, FAW-Volkswagen, Volkswagen (Anhui) Co., Ltd. and Audi AG (China) Sales Co., Ltd. to provide a series of innovative financial services for Audi AG's brands including Volkswagen, Audi, Skoda, Jetta, Porsche, Scania, Bentley, Lamborghini and Mann. At present, the main business scope includes: new and used car retail credit, dealer financing, operating lease, financial lease and so on.