Shanghai (ZXZC)- FAW Volkswagen Platform Automotive Parts Co.,Ltd Tianjin Company (hereinafter referred to as Tianjin plant), a new automotive plant jointly invested by Volkswagen Group China and Fawer Automotive Parts Limited Company, has officially been completed, according to Volkswagen Group China. As an important part of the German automaker's China strategy, the Tianjin plant will help the group further promote its localization process in China and improve the regional industrial chain.

The Tianjin plant will focus on manufacturing chassis system and other automotive parts for multiple Volkswagen and Audi branded SUV models, in response to Volkswagen Group's SUV planning.

Joerg Mueller, executive vice president of Volkswagen Group China, said that the completion of Tianjin plant will help Volkswagen Group China enlarge its production capacity around this area, manifesting both shareholders' confidence in China's market.

He added that the Tianjin plant will benefit Volkswagen to boost its localization strategy in China. Both shareholders will jointly work on developing advanced technologies to achieve industrial innovation.

The Tianjin plant is FAW Volkswagen Platform Automotive Parts Co., Ltd.'s fourth production base in China. The former three bases are in Changchun (capital of Jilin province), Chengdu (capital of Sichuan province) and Foshan (a city in Guangdong province).