The story appears on

Page A9

May 23, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Auto

E-vehicle JV to be formed

GERMANY’S Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have got approval from Chinese regulators to form a joint venture to make electric vehicles.

The National Development and Reform Commission gave the green light to both firms to build 100,000 pure battery electric vehicles annually in a project worth 5.1 billion yuan (US$740 million), a JAC Motor stock exchange filing said yesterday.

A VW spokesman confirmed the approval but said certain administrative procedures still needed to be completed for a joint venture contract to be signed with JAC Motor.




 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend