According to media reports, Volkswagen will extend the joint venture between the company and China FAW Group Corporation (China FAW) for 25 years. For instance, the seat should heat from 30-degrees C to 60-degrees C with three to five heating options. With such a unit, you can choose the perfect heating temperature that will suit every situation. Heated Car Seat,Heated Seat Outdoor,Alloy Wire Heated Pads,Alloy Wire Car Heated Pads JiLin Province Debang Auto Electric Co.,Ltd. , https://www.dbatelectric.com
The report said that the two companies will sign a renewal agreement during the meeting between the leaders of China and Germany.
FAW-Volkswagen Automotive Co., Ltd. was established on February 6, 1991. It is a large passenger car jointly operated by China FAW Group Corporation and Volkswagen AG, Audi Motors AG and Volkswagen (China) Investment Co., Ltd. manufacturer. FAW-Volkswagen's share ratio structure has changed to 60% for FAW, 30% for Volkswagen, and 10% for Audi.
Since 2011, the Volkswagen Group executives have repeatedly expressed their desire to increase the shareholding ratio of FAW-Volkswagen in public, but FAW Group has not publicly responded to this matter.
The Chinese business is an important global sales and profit source for the Volkswagen Group. In 2013, China contributed a total of 4.3 billion euros in profits.
The Volkswagen Group has two joint ventures in China, FAW-Volkswagen and Shanghai Volkswagen. Its stake in Shanghai Volkswagen is 50%, which is higher than the shareholding ratio of FAW-Volkswagen. 
· Volkswagen and FAW joint venture relationship may be extended for 25 years