German auto firms invest more in China on new energy vehicle hopes

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German auto firms invest more in China on new energy vehicle hopes

STORY: German auto firms invest more in China on new energy vehicle hopes DATELINE: Oct. 29, 2023 LENGTH: 00:03:06 LOCATION: CHANGCHUN, China CATEGORY: ECONOMY SHOTLIST: 1. various of automobile manufacturers in China 2. SOUNDBITE 1 (German): HELMUT STETTNER, CEO, Audi FAW NEV Co., Ltd. 3. SOUNDBITE 2 (Chinese): WANG KAIYU, Board of Management Member (Production and Logistics), Audi FAW NEV Co., Ltd. 4. SOUNDBITE 3 (English): MILAN NEDELJKOVIC, Member of the board of management, BMW AG 5. SOUNDBITE 4 (English): CHRISTIAN CONRAD, Chief Business Development Manager, Fraunhofer Institute for Nondestructive Testing STORYLINE: In China's automobile hub of Changchun, German auto giant Audi and Chinese automaker FAW's new energy vehicle (NEV) joint project is making remarkable progress as they strive to establish their first pure electric vehicle production facility in the country. With a total investment exceeding 35 billion yuan (4.87 billion U.S. dollars), this state-of-the-art factory is set to become one of

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