I knew that Audi was formed from four German car companies and that one of them was Auto Union so assumed that was why the first two letters of Audi are AU.
My assumption was incorrect and my knowledge was a bit incorrect.
The company name is based on the Latin translation of the surname of the founder, August Horch. Horch, meaning 'listen', becomes audi in Latin. The four rings of the Audi logo each represent one of four car companies that banded together to create Audi's predecessor company, Auto Union.
Thank you Wikipedia.
Audi have now teamed up with SAIC of China to produce a Chinese-only sub brand aimed at "younger, tech-oriented Chinese EV buyers." This sounds a little bit like what Toyota did in The States with Scion - that didn't really work out for them in the end.
Autocar have the Audi story here while Auto Express have an opinion piece on it here.
The Autocar piece has pictures of what looks like an attractive car:
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