https://www.reuters.com/article/us-volkswagen-jac-m-a-idUSKBN235063

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BEIJING/HONG KONG (Reuters) - Volkswagen AG (VW) ( VOWG_p.DE ) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world’s biggest auto market as international rivals seek to muscle in. FILE PHOTO: A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer. VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors) ( 600418.SS ), also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%. The joint venture will ... Full story

29 May

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