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VW reportedly close to sealing biggest-ever deals in China's EV sector

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Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors , for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. Volk

Continue reading VW reportedly close to sealing biggest-ever deals in China's EV sector

VW reportedly close to sealing biggest-ever deals in China's EV sector originally appeared on Autoblog on Wed, 27 May 2020 08:15:00 EDT. Please see our terms for use of feeds.

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