Audi And FAW To Create JV For PPE-Based EVs The PPE platform has been co-designed by Porsche and Audi for medium and large premium vehicles 0 Views The JW is the first of its kind with 60 per cent stake for Audi The PPE platform has been primed for premium vehicles like the E-Tron Audi and FAW (First Automobile Works) have signed an agreement for a joint venture which will enable the developed and manufacturing of PPE-Based electric vehicles. PPE stands for premium platform electric and the joint venture will be created in the first quarter of 2021. This is also the first time Audi China will own 60 per cent stake in a joint venture with a Chinese company.