Volkswagen Group and SAIC Motors Extend Cooperation Agreement, Pledge to Further Enhance Partnership until 2040

The Shanghai headquarters of SAIC Motors (formerly SAIC Volkswagen) has recently signed a renewed cooperation agreement with the Volkswagen Group. This extension solidifies the long-standing partnership between the two companies, setting a new milestone in their joint endeavors.

Under this expanded agreement, SAIC Motors will continue to develop and launch multiple new car models based on Chinese market needs, focusing on pure-electric, plug-in hybrid, and other innovative technologies. By 2030, SAIC Motors aims to introduce 18 new vehicle models, out of which 15 will be specifically designed for the Chinese domestic market.

Key highlights from the revised plan include:

• The introduction of the upgraded Touran Pro in early 2025, representing a significant product update.
• Launching an all-new pure-electric car variant, along with a boost version and plug-in electric hybrid model.
• Next year's release of Audi's first high-end smart net联 electric vehicle for market entry.

Further, the platform-based electric vehicles developed specifically for China's domestic market will begin to enter circulation in 2026. Furthermore, besides those two, three types of plug-in hybrid models, and two types of boost versions, a total of six new energy varieties.

In this regard, Bernd Brandt, Chairman and CEO of SAIC Motors expressed the aim of their entire global expansion program, particularly for their newly formed electric car lineup based entirely on Chinese innovative manufacturing in 2026.