Insider: Jetta brand's new joint venture company plans to be established in the fourth quarter.

Reporters learned from informed sources that the new joint venture company with local investment plans to be established in the fourth quarter of this year. However, the source did not disclose specific information about the investors. On August 28, Volkswagen Group, FAW Group, and Chengdu Economic and Technological Development Zone officially signed the "Jetta Business Development Cooperation Agreement", announcing that they will, based on the layout of the FAW-Volkswagen Chengdu production base, establish a new company for the Jetta brand through local investment.