BEIJING — Volkswagen Group and its Chinese joint venture partner, SAIC Motor, plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi A7L sedans, according to a government document seen by Reuters.
SAIC Volkswagen, the joint venture of the German company and China’s biggest automaker, currently sells cars under the VW and Skoda brands.
With the revamp at its Shanghai plants, the JV is aiming for an annual manufacturing capacity of 60,000 Audi A7Ls and 60,000 new Volkswagen utility vehicles. The total capacity at the plants will remain unchanged.
