Saic Volkswagen'S MEB plant is scheduled to start production in October this year, SAIC Chairman Chen Hong said on June 11 as the company launched its 2019 annual shareholder meeting.

Chen Hong, chairman of SAIC

"The Volkswagen Group has an aggressive new energy vehicle program, with new models every year, including audi models," Chen said. Volkswagen CEO Diess stressed in a letter to him that the Volkswagen group and SAIC comprehensive strategic cooperation will not be affected. In the next five years, SAIC Volkswagen plans to invest another 140 billion yuan.

At the same time, Chen Hong said that SAIC-Audi is in the process of advancing, the specific operational plan is nearing the end of the formulation, will soon enter the implementation phase. In the future, SAIC-Audi's marketing channels will be promoted both online and offline.

In addition, when talking about Tesla surpassing Toyota in market value, Chen said That Tesla is not a traditional car company, but more like a technology company. Within SAIC, a technology section will also be established to accelerate the landing of new technologies and accept market tests.