Volkswagen launches new joint venture for e-mobility in China

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Eric Felber
Eric Felber
Global Media Relations Head of Corporate & Business Communications
Dr. Christoph Ludewig
Dr. Christoph Ludewig
Head of International Communications Volkswagen Group China
  • Volkswagen Group and Chinese manufacturer JAC sign joint venture agreement
  • New 50:50 joint venture is to produce electric cars for mass market
  • Signature during state visit of Premier Li Keqiang to Berlin

Berlin/Wolfsburg. The Volkswagen Group is expanding its successful engagement in the People's Republic of China with a new joint venture. In the presence of Federal Chancellor Angela Merkel and Chinese Premier Li Keqiang, Volkswagen signed a joint venture agreement with the Chinese automaker Anhui Jianghuai Automobile (JAC) in Berlin today. Each of the partners is to hold a 50 percent stake in the new company, which is to develop, produce and market electric vehicles and mobility services. "The new partnership is a further milestone in our electric offensive in China," said Matthias Müller, CEO of the Volkswagen Group, commenting on the agreement. "Just as we have played a key role in shaping mobility together with our partners in China over the past 30 years or more, we want to play our part in shaping the mobility of the future: electric, fully networked and in line with the needs of our customers."

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