BEIJING -- Audi signed a memorandum of understanding with China's state-owned FAW Group to launch a new joint venture to make electric vehicles, the automaker said Tuesday in a statement.
Audi has a long partnership with FAW Group in China, the world's biggest car market.
Audi said it would produce models based on the Premium Platform Electric (PPE), an achitecture co-developed with Porsche.
It said the new venture would start manufacturing several models in China starting in 2024.
Audi's and Porsche's representatives in China said there was no plan for Porsche production at the new venture.
Audi has said its first EV, the e-tron crossover, which is currently imported, would be built at the Changchun plant operated by the FAW-Volkswagen joint venture.
The automaker also plans to make vehicles with Shanghai-based automaker SAIC Motor.