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Volkswagen invests €1B in JAC Volkswagen and Gotion High-Tech in China · Endata

◂ Announcements

Jun 1, 2020INVESTMENTAnhui province, China

Volkswagen invests €1B in JAC Volkswagen and Gotion High-Tech in China

Volkswagen plans to invest around €1 billion to increase its stake in JAC Volkswagen from 50% to 75% and acquire a 26% stake in battery manufacturer Gotion High-Tech Co., Ltd. The deal includes an investment in JAG, the parent company of JAC, and is expected to close by end of 2020.

Value

$1.12B (1.00B EUR)

Status

Announced

Productselectric vehiclesbattery cells

CompaniesVolkswagen investor JAC Volkswagen target JAG target Gotion High-Tech target

Sectors#Automotive Components

“Together with strong and reliable partners, Volkswagen is strengthening its electrification strategy in China”renewableenergymagazine.com

1 source
renewableenergymagazine.comVolkswagen intensifies its e-mobility operations in ChinaRobin WhitlockJun 1, 2020

Summarized from public sources; check the original articles before acting on it.

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