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VW, FAW Form Connectivity JV in China
Volkswagen AG’s namesake brand and Chinese partner FAW Group are forming a joint venture in Chengdu, China, that will focus on connectivity and other digital services for the local market.
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Volkswagen AG’s namesake brand and Chinese partner FAW Group are forming a joint venture in Chengdu, China, that will focus on connectivity and other digital services for the local market.
The partners are investing a combined 1 billion yen ($150 million) in the venture, which is named MOS Intelligent Connectivity Technology Co. The company will operate under the brand name MOSI, which stands for mobile online services-intelligent.
Beginning later this year, all future FAW-Volkswagen vehicles sold in China will incorporate MOSI technologies. The focus will be on electrified models due to launch next year on VW’s modular electric toolkit platform.
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