User-agent: Mediapartners-Google* Disallow: Trucks World News: VOLKSWAGEN + Anhui Automobile = A joint venture to make electric cars in China
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Sep 9, 2016

VOLKSWAGEN + Anhui Automobile = A joint venture to make electric cars in China

* Shanghai - Volkswagen in talks to make electric cars in China
--- Volkswagen AG is exploring a joint venture to make electric cars in China with a state-run company, part of its aggressive push into electric-vehicle production as the auto maker works to resolve its emissions cheating scandal... The German car maker signed a memorandum of cooperation with China Anhui Jianghuai Automobile Co. for a potential partnership, the companies said in separate statements. Jianghuai said the two will be equal owners of the joint venture, and hope to reach a formal agreement within five months... The company is targeting sales of a million electric vehicles a year world-wide by 2025... Volkswagen, which derives more than a third of its global vehicle sales from China after three decades of operations there, currently has two car-making partners in the country: SAIC Motor Corp. in Shanghai and FAW Group Corp. in the northeast. Under government rules, foreign car makers must tie up with local partners to produce cars... (Photo: VW e-Up electric car) -- Shanghai, SH, China - The WSJ (USA) - Sept. 7, 2016

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