VW to build another MEB plant in China
Volkswagen has started construction of a new MEB plant at Volkswagen Anhui in China. Following the completion of the Anting (SAIC VW) and Foshan (FAW-VW) plants, this will be the group’s third production facility for pure electric vehicles in China.
VW takes majority stake in joint venture with JAC
Volkswagen has now taken over the majority stake of the joint venture with JAC with 75 per cent, which also means management control. The company was immediately renamed from JAC Volkswagen to Volkswagen (Anhui) Automotive Company Limited since an eMobility hub is to be established in Anhui Province.
VW to take over majority stake in JAC joint venture
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.