Foreign auto brands seize NEV opportunity

CHANGCHUN — An increasing number of foreign-funded enterprises are seizing development opportunities in China's new energy vehicle sector by boosting investment, expanding their market presence, and advancing projects, research and cooperation.

The global automotive industry's shift from internal combustion vehicles to NEVs has opened new opportunities for both China and Germany, said Helmut Stettner, CEO of Audi FAW NEV Co Ltd.

"We see that the switch to electric mobility is accelerating in China, especially in the premium market. Despite some challenges, it continues to offer significant growth potential for Audi. We want to and will participate in this development," he added.