German automaker Volkswagen AG's joint venture with China's Anhui Jian...
BEIJING - German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co plans to invest 5.06 billion yuan in a new electric car factory in eastern Hefei city, according to local authorities.
Volkswagen Group China on Thursday confirmed the numbers that had been included in previous official documents and said JAC-Volkswagen would launch its first model soon. VW’s joint venture with JAC, approved in 2017, said last year it would launch a research and development center. It also planned to introduce the SEAT brand to China by 2020-2021.
The China Association of Automobile Manufacturers has said new energy vehicle sales could hit 1.6 million units this year.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Starbucks' big rival in China plans to list in New YorkBeijing-based Luckin Coffee said in a filing Monday night that it wants to sell shares on the Nasdaq as part of its ambitious expansion plans.
Lire la suite »
Amazon plans to shut down China marketplace in rare retreatIn a rare retreat for Amazon.com Inc., the e-commerce giant plans to shut down its Chinese marketplace business in July as it shifts its focus to offering mainland consumers overseas products rather than goods from local sellers.
Lire la suite »
China says its economic growth is improving, but analysts warn it still needs stimulusChina's stronger-than-expected growth claim may be tempting policymakers to pare back stimulus. Analysts say that would be a mistake.
Lire la suite »
China and India will become asset management 'powerhouses,' top fund manager saysChina and India are poised to become 'real powerhouses' for the asset management industry, Standard Life Aberdeen Vice-Chairman Martin Gilbert told CNBC at the first Financial Sector Conference in Riyadh, Saudi Arabia.
Lire la suite »
China reportedly uses satellites built and financed by US companies to connect military operationsChina makes use of nine satellites in orbit around the Earth, built by American companies, to boost government capabilities, the WSJ reported.
Lire la suite »
U.S. wins WTO ruling against China grain import quotasThe United States won a World Trade Organization (WTO) ruling on Thursday agains...
Lire la suite »
To help counter China, U.S. turns to the Coast GuardThe deployment of the USCGC Bertholf highlights a shifting U.S. strategy going forward.
Lire la suite »
'Tank man' video for Leica sparks outcry in China ahead of Tiananmen anniversaryGermany's Leica Camera AG drew criticism on Chinese social media over a vid...
Lire la suite »
China complains to U.S. over end to Iran oil sanction waiversChina's Foreign Ministry said on Tuesday it has formally complained to the ...
Lire la suite »
China lodges representations with U.S. over end to Iran sanction waiversChina's Foreign Ministry said on Tuesday it has lodged representations with...
Lire la suite »
China tries to calm jitters about the “Belt and Road” initiativeThough belt-and-road lending is worrisome, it is not malevolent. The real problem is overreach
Lire la suite »