Volkswagen AG and Anhui
Jianghuai Automobile Co., Ltd. (JAC) recently signed a Memorandum of
Understanding (MoU) in Wolfsburg in Germany to define the next phase of
negotiations between the two companies in order to achieve long-term
cooperation in the joint development of all-electric vehicles in China.
According to the MoU the
parties intend to enter into discussions to evaluate the perspectives and
feasibility of a new joint venture company ("JV"), focusing on new
energy vehicles (NEV), to carry out full scope cooperation in areas including
research and development, manufacture, sales and mobility services in the field
of NEV and parts in order to improve fuel efficiency. The top priority will be
to develop zero-emission mobility solutions.
As part of its comprehensive
new Group Strategy "Together – Strategy 2025" Volkswagen is also intensifying
efforts for sustainable mobility worldwide. The Group will be launching a
broad-based initiative for electro-mobility and intends to develop more than 30
new, purely battery-powered electric vehicles (BEVs) over the next ten years.
Anhui Jianghuai Automobile
Co., Ltd (JAC) is a comprehensive automobile company encompassing R&D,
production, sales and service and other businesses related to the production
and sale of commercial and passenger vehicles, including powertrains. It has
two vehicle brands, "Jianghuai" and "Ankai".
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