Germany's Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented effort to shore up market share.
The logo of Audi is seen outside an Audi car dealer in Brussels, Belgium June 1, 2023. REUTERS/Yves Hermanto buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented effort to shore up market share.
Chinese media outlet Mingjing Pro reported Audi's potential takeover of the platform on Tuesday. Earlier, Automobilwoche said Audi was in discussion with several manufacturers to acquire an EV platform, but did not identify them. Last month, Audi chief executive Markus Duesmann, who will step down from the role in September, told Reuters the brand had to speed development of new models to meet a surge in demand for electric vehicles, especially in China.
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