Audi and SAIC Launch Shanghai Innovation Center for China-Exclusive EV Brand

Audi and SAIC Motor established an innovation center in Shanghai to develop a China-exclusive electric vehicle brand, AUDI, focusing on AI-driven cabins and advanced driver assistance. The move underscores Audi's pivot to localize development for the world's largest EV market amid intensifying competition. Shareholding details remain undisclosed, leaving governance and investment scale uncertain.