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Volkswagen invests 2 billion in the electric car in China

2020-05-29T10:48:59.460Z


Between shares in two companies and in one battery manufacturer (ANSA)Volkswagen will invest 2 billion euros in two Chinese companies in the electric car sector.     The German group will take over 50% of JAG, controlled by the state-owned JAC Motors, and will increase the weight of the JAC Volkswagen jv from 50% to 75% for about 1 billion. In addition, according to a note, the company will take over 26% of Gotion High-Tech, battery manufacturer, for 1.1 billion. C...


Volkswagen will invest 2 billion euros in two Chinese companies in the electric car sector.
    The German group will take over 50% of JAG, controlled by the state-owned JAC Motors, and will increase the weight of the JAC Volkswagen jv from 50% to 75% for about 1 billion. In addition, according to a note, the company will take over 26% of Gotion High-Tech, battery manufacturer, for 1.1 billion. China is worth 40% of Volkswagen's global sales and is the main four-wheeler market on the planet, with leadership also in the electric sector.

Source: ansa

All tech articles on 2020-05-29

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