Volkswagen pumps $2.33 billion into China electric vehicle bet, buys stakes in two firms - The Time 2019

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Friday, May 29, 2020

Volkswagen pumps $2.33 billion into China electric vehicle bet, buys stakes in two firms

Volkswagen pumps $2.33 billion into China electric vehicle bet, buys stakes in two firms 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), also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%.

from Moneycontrol World News https://ift.tt/2TN2pAO

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