# Volkswagen and JAC form joint venture for electric vehicles in China

Volkswagen Group signed a joint venture agreement with Anhui Jianghuai Automobile (JAC) to develop, produce and market electric vehicles and mobility services in China. Each partner holds a 50% stake. The agreement includes construction of a new factory and R&D center.

- Type: Acquisition
- Announced: 2017-06-01
- Where: China
- Status: announced
- Products: electric vehicles, components for new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md) (partner)
- [Anhui Jianghuai Automobile (JAC)](https://endata.com/companies/24612.md) (partner)

## Sources

- [volkswagen-group.com](https://www.volkswagen-group.com/en/press-releases/volkswagen-launches-new-joint-venture-for-e-mobility-in-china-16455), 2017-06-01: "The new partnership is a further milestone in our electric offensive in China."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.