Volkswagen Finance (China) Co., Ltd. and Volkswagen New Mobility Services Investment Co., Ltd (Volkswagen Financial Services China) is a wholly-owned subsidiary of Volkswagen Financial Services AG. It is also the first wholly foreign-owned professional automobile financial service company in China. Since its inception in 2004, VWFS China currently has more than 900 employees nationwide. Volkswagen Financial Services China established close collaboration with SAIC Volkswagen, FAW – Volkswagen and Volkswagen Group Import (China), providing innovative financial services to Volkswagen Group brands, covering Volkswagen, Audi, Skoda, Porsche, Scania, SEAT, Lamborghini and MAN. Business lines cover areas of new car and used car retail finance, wholesales finance, aftersales services, extended warranty, financial leasing etc.