# 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.

- Type: Investment
- Announced: 2020-06-01
- Where: Anhui province, China
- Value: $1.12B (1.00B EUR)
- Status: announced
- Products: electric vehicles, battery cells
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen](https://endata.com/companies/533.md) (investor)
- [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)

## Sources

- [renewableenergymagazine.com](https://www.renewableenergymagazine.com/electric_hybrid_vehicles/volkswagen-intensifies-its-emobility-operations-in-china-20200601), 2020-06-01: "Together with strong and reliable partners, Volkswagen is strengthening its electrification strategy 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.