Volkswagen agrees to buy 50% of JAC Motors' parent company

Volkswagen AG agreed to acquire a 50% stake in Anhui Jianghuai Automobile Group Holding, the parent company of JAC Motors, a state-owned automaker based in Hefei, China.

“Anhui Jianghuai Automobile Group (JAC Motors) said on Friday that German automaker Volkswagen AG agreed to buy 50% of its parent company Anhui Jianghuai Automobile Group Holding.”reuters.com

• 1 source
• reuters.comVolkswagen agrees to buy 50% of EV partner JAC's parent companyMay 29, 2020

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