# 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.

- Type: Acquisition
- Announced: 2020-05-29
- Where: Hefei, China
- Status: announced
- Products: electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md) (acquirer)
- [Anhui Jianghuai Automobile Group Holding](https://endata.com/companies/37669.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/business/volkswagen-agrees-to-buy-50-of-ev-partner-jac-s-parent-company-idUSP8N2D401C/), 2020-05-29: "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."

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