Volkswagen in final talks to seal biggest M&A deals in China electric vehicle sector

Volkswagen logo

German automaker Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle companies, two sources said, as the German automaker speeds up its push into the world’s largest auto market for eco-friendlier cars. The firm is poised to purchase 50% of Anhui Jianghuai Automobile Group Holding, the parent of […]

Volkswagen plans electric auto plant with JAC in China

JAC Motors

Volkswagen’s joint venture with China’s Anhui Jianghuai (JAC) prepares to spend 5.06 billion yuan ($750.8 million) in a new electric car factory located in eastern Hefei city, according to local officials. A document published online by the Hefei Economic and Technological Development Area on Monday revealed that Volkswagen and JAC had obtained approval from environmental […]

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 […]