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Audi, SAIC team up on sales

By Li Fusheng ( China Daily ) Updated: 2016-11-15 07:27:10

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Audi AG has joined hands with China's largest automaker SAIC Motor to localize and sell its models, a move to consolidate its beleaguered lead in the country's premium car market.

Shanghai-listed SAIC Motor said in a letter to investors on Monday that it signed a memorandum of understanding with Audi's parent company Volkswagen AG at its headquarters in Wolfsburg, Germany, on Friday.

Audi, SAIC team up on sales

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