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SVWA meaning in General ?

Answer» What is Shanghai Volkswagen Automotive mean?

SAIC Volkswagen Automotive Co., Ltd., formerly known as Shanghai Volkswagen Automotive Co., Ltd. is an automobile manufacturing company headquartered in Anting, Shanghai, China and a joint venture between Volkswagen Group and SAIC Motor. It was founded in 1984 and produces cars under the Volkswagen and Škoda marques. It is the second automobile manufacturing joint venture in China after American Motors and the first German car manufacturer to enter China.

The joint venture is made up of equity from Volkswagen AG (40%), Volkswagen (China) Invest (10%), SAIC Motor (50%), with a fixed-term venture for 45 years. It will run until 2030.

SAIC Volkswagen sold a total of 1.16 million vehicles in 2011.

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