![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Porsche Automobile Holding SE (PK) | USOTC:POAHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 0.90% | 4.47 | 4.46 | 4.47 | 4.48 | 4.45 | 4.4599 | 936,732 | 20:59:13 |
By Joshua Stein
Audi AG said Monday that it will set up a new venture in China alongside automotive company FAW Jiefang Group Co. to jointly produce electric vehicles.
The German car maker, a subsidiary of Volkswagen AG, and Volkswagen Group China will hold a 60% stake in the new company. The company will be based in Changchun, in the north-east of China.
Audi said it will be able to locally produce 12 models by the end of 2021 through the venture, and expects to start manufacturing the venture's first new model by 2024. The center will produce fully electric auto models developed by Audi in cooperation with Porsche Automobil Holding SE.
The new company will officially be founded in the first quarter of 2021 pending regulatory and stakeholder approval.
Write to Joshua Stein at joshua.stein@wsj.com
(END) Dow Jones Newswires
January 18, 2021 08:42 ET (13:42 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Porsche Automobile (PK) Chart |
1 Month Porsche Automobile (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions