Volkswagen Group, via its Volkswagen Group China division, has 16 subsidiaries in China, with Shanghai Automotive Industry Corporation (SAIC), and First Automobile Works (FAW) being the two major Chinese partner companies. SAIC-Volkswagen In 1984, a joint venture (JV) was established between Volkswagen Group and Shanghai Automotive Industry Corporation (now SAIC Motor), creating Shanghai Volkswagen Automotive Co., Ltd. (SVW), headquartered in Anting, Shanghai. Equity holdings are split (as of 2010) - Volkswagen AG (40%), Volkswagen (China) Invest (10%), SAIC (50%). This a fixed term venture, of 45 years, running until 2030. Shanghai Volkswagen Automotive Co., Ltd. (SVW) is the first car-making joint venture since China began its reform, and debut to the outside world, and is located in Anting International Auto City on the northwest outskirts of Shanghai. Producing cars under the Volkswagen and the Škoda brands, SVW currently offers a total of twelve model series. By October 2009, SVW had turned out over five million cars in total, becoming the carmaker that has the biggest population of cars in China. SAIC-Volkswagen and Škoda In April 2005, Škoda officially landed at Shanghai Volkswagen, ushering Shanghai Volkswagen into the dual brand era. In September 2006, Shanghai Volkswagen Škoda – the first Chinese manufactured Škoda - was launched and the Chinese name was announced. Octavia, the first Shanghai Volkswagen Škoda model, hit the market on 6 June 2007. Following Octavia's success, Shanghai Volkswagen launched Fabia in 2008 and Superb in 2009. SAIC-Volkswagen and Audi In 2021, SAIC-Volkswagen launched the production of Audi branded cars, with the first being the Audi A7L. It has plans to sell 250,000 to 300,000 units per year by 2025 after the launch of other models. According to SAIC Audi marketing division, Audi cars that SAIC-Volkswagen intend to launch are all superior to the existing Audi models of FAW-Volkswagen. FAW-Volkswagen Established in February 1991, FAW-Volkswagen Automotive Company (FAW-VW) is a joint venture by FAW Group's First Automobile Works, Volkswagen AG, Audi AG and Volkswagen (China) Investment Co., Ltd headquartered in Changchun, Jilin. It was the first modern car industrial base constructed with an economy of scale in China. With its development over the years, FAW-Volkswagen is producing thousands of vehicles on a daily basis. FAW-Volkswagen manufactures 10 products of two globally known brands, Volkswagen Passenger Cars and Audi, with advanced technology and equipment. Volkswagen Jetta, New Bora, Golf, Sagitar, Magotan, Volkswagen CC, Audi A6L, Audi A4L, Audi Q3 and