FAW-Volkswagen Automobile Co., Ltd. (FAW-VW) is a joint venture between FAW Group and Volkswagen Group which manufactures Audi and Volkswagen marque passenger cars for sale in China. Ownership of the company is: FAW - 60%, Volkswagen AG - 20%, Audi AG - 10%, and Volkswagen (China) Invest - 10%. FAW-VW was founded on 6 February 1991.FAW-VW is headquartered in the south-western fringes of Changchun, Jilin Province, where it also has two vehicle assembly plants.