Audi AG plans to invest $US651 million over the next three years into China’s car market, Asia Pulse reported.
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The move came as Erich Schmitt, a member of the management board of Audi AG, was quoted as saying he believed the Chinese market was beginning to mature, and was becoming more like Europe in terms of its quality and diversification demands.
Audi will look to expand production capacity, unveil new models and build up sales networks, the report added.
Audi now holds a 10% share in the joint venture with FAW-Volkswagen in Changchun, in northeast China’s Jilin province.
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