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Elham AbolFateh

Automobile

Volkswagen plans electric vehicle plant with JAC in China: local government

Thursday 25/April/2019 - 01:45 PM
German automaker
German automaker Volkswagen AG
Reuters
German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city، according to local authorities.

A document posted online by the Hefei Economic and Technological Development Area on Monday showed that Volkswagen and JAC had obtained approval from environmental authorities to build a plant capable of producing 100،000 all-electric battery cars a year.

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.

A spokesperson for the joint venture confirmed plans for the plant، saying the approval represented an “orderly advancement of the project”، and the venture’s first electric model، the E20X، will be launched this year.

Edited by Hassanain Tayea.

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