Audi

Audi believes there is still demand for fuel vehicles in China, and it is possible that Audi will use locally produced fuel models to supply the local market after 2033.

"Nio is still a first-year student, but people are already paying us in advance of when we graduate with our PhDs. Over the next decade or so, we're going to finish school," he said.

Huawei could be an autonomous driving partner for Audi, said Michael Hofmann, executive vice president of R&D at Audi China.

The chips that caused FAW-VW Audi to reduce production are mainly door controller, gateway controller, center display, and electronic stability control.

The Audi e-tron is expected to compete with other electric luxury brands including the BMW iX3, Mercedes-Benz EQC and Nio ES8, but in terms of price, the e-tron is the most expensive of these models.

German premium automaker Audi plans to launch six new energy vehicles in China this year in cooperation with China FAW, according to Werner Eichhorn, president of Audi China, at an online press conference.

The new PPE joint venture is expected to be established in the first quarter of 2021 after approval by all shareholders and Chinese regulators.

William Li Bin said Nio ET7's competitors are German premium brands like BMW, Mercedes-Benz and Audi, and in the longer term, Nio's competitors even include Apple Car.

Audi China was recently awarded the Beijing T3 class test license, which allows the company to conduct automated driving tests on Beijing's public roads.

Chinese Auto maker FAW announced on October 13 that it has signed a memorandum of understanding with longtime partner Audi in Changchun to establish a joint venture company to produce electric vehicles.