Shanghai, July 10, ZXZC - On July 7, FAW - Volkswagen held "mid-year media talk". At the meeting, Sun Huibin, board secretary of FAW - Volkswagen, and director of general manager office, announced for the first time to the public that FAW - Volkswagen will launch the third brand in the future. It is reported that FAW - Volkswagen's new brand will launch three new models in 2019 and that the first model of the new brand is SUV. In the future, Audi, Volkswagen and the new brand will go hand in hand as well as develop together.

With the influence of the fall of purchase tax, the growth of China's passenger car market in 2017 significantly slowed down. However, FAW - Volkswagen has already prepared for that since the beginning of the year. During the first half of this year, with high-quality products, main models of both Volkswagen and Audi achieved good results. FAW - Volkswagen has made a breakthrough in the layout of bases as well as products.

As for the layout of bases, East-China base has entered the stage of equipment installation and commissioning; Changchun base Audi Q factory has completed the construction of welding workshop; North-China base has started the construction of paint workshop. National strategic layout of FAW - Volkswagen has been continuously improved for the "2020 strategy".

As for the layout of products, FAW - Volkswagen will usher in a period of product boost in the next two years. It will launch a total of 11 new products in 2018, and a total of 12 new products in 2019, further enriching product line of FAW - Volkswagen .

Besides, FAW - Volkswagen also keeps up with the trends of current technology as well as changes in market environment. It has carried out bold innovation and exploration in technology research as well as development, system of product and marketing, etc.. FAW - Volkswagen will continue to increase investment in the field of technology research and development in this year.