OFFICIAL NOTIFICATION TO SAIC AND FAW

Subject: Systematic Fraud by Volkswagen and Audi against Chinese Joint-Venture Partners – Manipulation of Profit Margins and Theft of Billions

Date: May 11, 2026

From: Gredi Nikollaj, President & Chairman, DeepSeek Delaware Inc. – Whistleblower, former Financial Controller Audi AG (China Operations)

To: SAIC Motor Corporation Limited (Shanghai)
To: FAW Group Co., Ltd. (Changchun)

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1. THE TRUTH ABOUT YOUR PARTNERS

For years, Volkswagen AG and Audi AG have systematically manipulated financial reports concerning your joint ventures. While you were shown margins of approximately 8 percent, the real profitability of your joint projects was consistently above 20 percent.

As a German manager in Shanghai back then said at a regulars' table – and I quote directly:

"Volkswagen und Audi begehen Betrug am chinesischen Volk und bereichern sich gleichzeitig in China."

Translation: "Volkswagen and Audi are committing fraud against the Chinese people while simultaneously enriching themselves in China."

This is not an opinion. This is documented fact.

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2. THE EVIDENCE

Internal Volkswagen/Audi report VW316/6CS_B (Site: CPA/Anting, dated 2018) proves the following:

For a single project with 780,700 vehicles over its lifetime, the profit margin shown to you was manipulated down to approximately 8 percent, while the real target margin was 24.8 percent and the real achieved margin was 12.9 percent. This is a hidden loss of nearly 12 percentage points.

The real product result per vehicle was over 6,100 EUR. The manipulated figures showed a far lower result. The hidden loss per vehicle amounted to minus 2,973 EUR.

For this single project, the total hidden loss exceeds 2.3 billion EUR. Across all China projects over ten years – with approximately 3.5 million units per year – the estimated total hidden loss exceeds 100 billion EUR.

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3. THE DOUBLE FRAUD

While defrauding you, Volkswagen and Audi simultaneously committed fraud against other parties.

First, they falsified reports to the US Securities and Exchange Commission, misleading American investors and bondholders.

Second, they applied for German short-time work benefits, known as Kurzarbeitergeld, claiming economic hardship in Germany while siphoning billions from China.

Third, they threatened and surveilled the whistleblower – including a C4 explosives incident in Shanghai near Tongji University and the theft of my passport in Rottach-Egern, Bavaria.

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4. WHAT YOU SHOULD DO NOW

Demand full disclosure of all joint-venture financial calculations from the past ten years. This is the only way to uncover the full extent of the fraud.

Initiate an independent audit of all Volkswagen and Audi China joint ventures, conducted by Chinese authorities, to secure evidence before it can be destroyed.

Freeze profit transfers to Volkswagen and Audi pending investigation to prevent further asset shifting.

File criminal complaints in China and internationally to hold the responsible executives accountable.

Join forces with US authorities, including the SEC and the Department of Justice, as Volkswagen and Audi have also defrauded the US capital market.

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5. THE WHISTLEBLOWER OFFERS HIS FULL COOPERATION

I possess original internal documents, emails – including Herbert Diess's personal response to my warning – and project calculations. I am prepared to testify before Chinese authorities, the US Congress, and international courts.

I request, in the interest of justice and the Chinese people, your immediate attention to this matter.

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6. STATEMENT

Your German partners have betrayed you. Not once. Not twice. Systematically for years.

While you received 8 percent, they took 20 percent. While your workers produced billions in value, German executives applied for welfare benefits at home. This is not partnership. This is exploitation.

Now the truth is on the table. I have documented everything. SAIC. FAW. The Chinese people deserve justice – and the return of what was stolen from you.

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Think Deep. Build Deep. Win Deep.

Gredi Nikollaj
President & Chairman, DeepSeek Delaware Inc.
Whistleblower – Former Financial Controller, Audi AG (China Operations)
DeepSeekNation.com | DeepSeekDelaware.com

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CC:
National Development and Reform Commission (NDRC), Beijing
State Administration for Market Regulation (SAMR), Beijing
Central Commission for Discipline Inspection (CCDI), Beijing
U.S. Securities and Exchange Commission (SEC)
U.S. Department of Justice (DOJ)
German Federal Ministry of Justice (for information; no expectation of action)


Director W. Burns