Anhui Jianghuai Automobile Group Holding

Anhui Jianghuai Automobile Group (JAC) plans to acquire some of Nio Anhui's construction-in-progress and equipment installation assets for an estimated 1.704 billion yuan ($244 million) to deepen their strategic partnership in new energy vehicle manufacturing.

Volkswagen AG completed the acquisition of an additional 25% stake in its Chinese EV joint venture JAC Volkswagen Automotive Company, as disclosed in a filing by JAC Motors.

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.

Volkswagen AG signed a strategic agreement to acquire a 50% stake in Anhui Jianghuai Automobile Group Holding, the parent of JAC Motor, for around EUR 1 billion. The deal is expected to close by the end of 2020.