On June 4th, FAW-Volkswagen formalized a cooperation memorandum with the Tianjin Economic-Technological Development Area government, focusing on a new energy vehicle project. The agreement outlines plans to introduce two new energy vehicles, leveraging the Volkswagen Group's cutting-edge CMP platform, at its Tianjin facility by 2027. This strategic move aims to bolster FAW-Volkswagen's competitive edge in the burgeoning new energy vehicle market and drive the high-quality growth of Tianjin's new energy and intelligent connected vehicle sector.