Skip to content Skip to footer

Volkswagen intensifies e-mobility activities in China

Volkswagen will invest EUR2 billion (USD2.2 billion) to strengthen its electrification strategy in China, according to CEO Herbert Diess. JAC Volkswagen is the German automaker’s joint venture for e-mobility in China. Volkswagen will invest around EUR1 billion (USD1.1 billion) to acquire 50% of JAG, the parent company of Volkswagen’s partner JAC, and increase its stake […]

Leave a comment