Volkswagen
AG and Anhui Jianghuai Automobile Co., Ltd. have signed a Memorandum of
Understanding (MoU) to secure long-term cooperation in the joint development of
all-electric vehicles in China.
“As
we aim to be at the forefront of e-mobility, Volkswagen Group is looking
forward to explore all options to set up a close and mutually beneficial partnership
with JAC,” said Matthias Müller, chairman of the Board of Management of
Volkswagen AG.
The
two companies intend to evaluate the perspectives and feasibility of a new
joint venture company, 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.
Commenting
on the agreement, Mr. An Jin, chairman of the Anhui Jianghuai Automobile Co.,
Ltd, said, “We look forward to providing Chinese consumers with highly
cost-effective battery-powered electric vehicle (BEV) products that promote the
development of the Chinese new energy vehicle sector as well as the Chinese
auto industry’s transformation and upgrading.”
Anhui
Jianghuai Automobile Co., Ltd (JAC) is an automobile company with 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”.
JAC
delivered 333,639 vehicles and chassis in the first six months of 2016 (+14.15
per cent), with new energy vehicle sales increased massively compared with last
year (+261 per cent), while SUV sales maintained stable growth (+30 per cent).
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