Volkswagen signature Chinese Joint Venture to help mass produce EVs Menghadirkan
Volkswagen signature Chinese Joint Venture to help mass produce EVs , 
Volkswagen AG is close to securing a joint venture with Anhui Jianghuai Automobile Co. China to increase the footprint of the German firm in China.
Wednesday, the two companies have signed a memorandum of understanding to Wolfsburg in Germany and plan to finalize the agreement and the signing of a formal agreement in the coming five months, reports Bloomberg .
in a statement to the Shanghai stock market, it has been revealed that the transaction will see Volkswagen and Jianghuai Automobile each take up to 50 percent of the capital to "build a competitive portfolio of electric vehicles as soon as possible using existing mature platforms."
Volkswagen Executive Director Matthias Müller has revealed that his company will invest more than 4 billion euros in China in 2016 alone and in the next five years, will introduce 15 new energy vehicles there.
"believe us that this cooperation would benefit not only our two organizations, but would be also of great value to our customers, a sound environment and the Chinese society in general", said the Muller.
Volkswagen already has joint ventures with SAIC Motor Corp. and China FAW Group in the country that requires companies Ultramarines to create businesses with local partners. Cross town rivals Daimler and BMW have all two joint ventures to produce electric vehicles in China as well.
Volkswagen signature Chinese Joint Venture to help mass produce EVs
Volkswagen signature Chinese Joint Venture of EVs help mass products
Volkswagen AG is close to securing a joint venture with Anhui Jianghuai Automobile Co. China to increase the footprint of the German firm in China.
Wednesday, the two companies have signed a memorandum of understanding to Wolfsburg in Germany and plan to finalize the agreement and the signing of a formal agreement in the coming five months, reports Bloomberg .
in a statement to the Shanghai stock market, it has been revealed that the transaction will see Volkswagen and Jianghuai Automobile each take up to 50 percent of the capital to "build a competitive portfolio of electric vehicles as soon as possible using existing mature platforms."
Volkswagen Executive Director Matthias Müller has revealed that his company will invest more than 4 billion euros in China in 2016 alone and in the next five years, will introduce 15 new energy vehicles there.
"believe us that this cooperation would benefit not only our two organizations, but would be also of great value to our customers, a sound environment and the Chinese society in general", said the Muller.
Volkswagen already has joint ventures with SAIC Motor Corp. and China FAW Group in the country that requires companies Ultramarines to create businesses with local partners. Cross town rivals Daimler and BMW have all two joint ventures to produce electric vehicles in China as well.
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