Volkswagen intensifies e-mobility activities in China with additional €2B investment; JAC Volkswagen and battery-maker Gotion

Green Car Congress
By mmillikinMay 29, 2020, 5:30 am1.2k ptsInterestingTop
Volkswagen plans to increase its share in JAC Volkswagen, its joint venture for e-mobility. Around €1 billion is to be invested. This amount includes the acquisition of 50% of JAG, the parent company of the Volkswagen partner JAC, and an increase in the stake in JAC Volkswagen from 50 to 75%. By gaining…

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