# Volkswagen invests €2 billion in China for electrification

Volkswagen plans to invest around €1 billion to increase its stake in JAC Volkswagen from 50% to 75% and acquire 50% of JAG, and separately invest €1.1 billion to acquire a 26% stake in battery manufacturer Gotion High-Tech.

- Type: Investment
- Announced: 2020-05-29
- Where: Hefei, Anhui, China
- Value: $2.20B (2.00B EUR)
- Status: announced
- Products: electric vehicles, batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md)
- [Guoxuan High-tech](https://endata.com/companies/29951.md) (target)
- [JAC Volkswagen](https://endata.com/companies/47533.md) (target)
- [JAG](https://endata.com/companies/47534.md) (target)
- [Gotion High-Tech](https://endata.com/companies/47535.md) (target)
- [Anhui Jianghuai Automobile Group (JAC Motors)](https://endata.com/companies/47556.md) (target)

## Sources

- [paultan.org](https://paultan.org/2020/05/29/volkswagen-invests-two-billion-euros-in-china-new-acquisitions-are-part-of-its-electrification-strategy/), 2020-05-29: "Volkswagen has announced some big moves in China as part of its electrification strategy in the world’s largest auto market."
- [carscoops.com](https://www.carscoops.com/2020/05/vw-wants-full-control-of-jac-motors-ev-joint-venture-in-china/), 2020-05-29: "This strategy ensures that VW will have full management control of the joint venture with JAC, said the company's China CEO, Stephan Wollenstein."

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