Volkswagen and JAC electric car venture gets approval from Chinese regulators

Anhui Jianghuai Automobile Co., Ltd JAC

Volkswagen and Anhui Jianghuai Automobile (JAC Motor) have gotten approval from Chinese regulators to form a joint venture to develop electric vehicles, the two companies stated on Monday. The National Development and Reform Commission (NDRC), China’s leading state organizer, provided a green light to JAC and Volkswagen to develop 100,000 pure battery electric vehicles yearly […]