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New Joint Venture of JAC, VW to Produce MPV

Pub Date:17-11-28 10:08 Source:www.cnanhui.org

JAC, VW Auto Group and VW Auto Group (China) signed a memo to establish a joint venture to explore all-round cooperation in R&D and sales of multi-purpose vehicle(including pickup truck, MPV and electric commercial vehicle), according to an announcement released by JAC on the evening of November 27.

The intention of new joint venture is another milestone fruit in the cooperation between two sides following the cooperation in new energy vehicle.

JAC will hold 50% shares of the new joint venture and VW Auto Group and VW Auto Group (China) will jointly hold 50% shares. The joint venture will settle down in Hefei.

An Jin, the chairman of the board of JAC, said JAC has strong technology, many products and vast market base in multi-purpose vehicles. Both sides will join hands to advance the development of the market of multi-purpose vehicles in a bid to provide many choices of products for global consumers.

Editor:Will

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