China FAW, the Volkswagen Group, and Audi have recently deepened their strategic alliance with a memorandum of understanding signed at a ceremony. This collaboration aims to enhance the product offerings of the Volkswagen brand, accelerate the advancement of electric vehicle technologies, and sustain the growth of the Jetta sub-brand. The partnership between China FAW and the Volkswagen Group will focus on bolstering product selections and driving advancements in electric vehicles. Additionally, they will continue to support the development of CAMS, their charging joint venture. In the rapidly evolving era of mobile travel, China FAW and Audi are geared to expand their high-end product range through a strengthened collaboration in production and sales. The joint venture, Audi FAW NEV Company, plans to initiate the production of Audi models based on the PPE (Premium Platform Electric) platform by the end of 2024. [CLS, in Chinese]