Volkswagen has officially confirmed its plan to increase its stake in JAC Volkswagen, its joint venture for electric mobility, and to invest around one billion euros in this. The Wolfsburg-based company will invest another billion in a Chinese battery specialist.
Weiterlesen Volkswagen has readied the ground for a research and development centre with its Chinese joint venture partner JAC, in Hefei, Anhui Province. The centre will focus on electrification, connectivity and autonomous driving.
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China has selected 17 cities and regions to launch a pilot program for battery recycling for old EVs. The program will be launched in the major cities Beijing, Shanghai and Xiamen, as well as the provinces of Juangsu, Anhui and Guangdong.
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