Volkswagen Gets Closer to Make Electric Cars in China

by SpeedLux
Volkswagen Tiguan GTE images

Volkswagen AG is checking out a joint venture to make electrical vehicles in China with a state-run business, part of its aggressive push into electric-vehicle production as the auto maker works to fix its emissions cheating scandal.

The automaker has signed a memorandum of cooperation with China Anhui Jianghuai Automobile Co. for a possible collaboration, the automaker stated in separate declarations. Jianghuai stated the companies will share equal ownership of the joint venture, and are going for an official agreement under 5 months.

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