- The three parties have planned a joint venture to pursue research and development in the field of multi-purpose vehicles
- The new partnership will be another turning point in corporate relationships
- The planned R&D joint venture will cover both the internal combustion engine and new energy models
Volkswagen Aktiengesellschaft, China Volkswagen Group and Anhui Jianghuai Automobile Co. , Ltd. (JAC) intend to conduct research and development in the field of multi-purpose vehicles together. The three sides signed a memorandum of understanding today to explore potential joint venture models. The new partnership will mark another milestone in corporate relations. Following an agreement to create a joint venture to produce battery-powered electric vehicles for the competitive passenger car market in June.
“Volkswagen welcomes this opportunity to pursue further cooperation with the JAC. Both groups have complementary strengths in “The field is multi-purpose vehicles. JAC is a Chinese-based brand with a strong track record in the production of multi-purpose vehicles.
Volkswagen and JAC co-operation
The Volkswagen Commercial Vehicles (VWCV) brand on behalf of the Volkswagen Aktiengesellschaft. Plays a key role as a JAC partner in the joint venture. “Volkswagen has a multi-purpose legacy dating back almost seven decades. Also in China, Volkswagen Commercial Vehicles is a growing collection,” said Joern Hasenfuss, Member of the Board. It has attracted more loyal customers, but the chances are higher. With our partner JAC, we want to integrate the experience and knowledge of both companies for the benefit of the Chinese market. . “
“JAC is pleased to further expand our relationship with Volkswagen. JAC has a rich product line, technology storage and a market base in the multipurpose automotive area.” “In an area where both companies have strong advantages, we see a lot of potential for mutual benefit. Together, we can greatly enhance the MFV market, bring great products and more choice to consumers.”
These companies will actively explore a wide range of collaborations including advances in MFV design, technology, product quality through research and development, as well as sales. It will cover both internal combustion engines and new energy models. JAC will own 50% of the new shares and Volkswagen will own the other 50%. The investment is planned to be launched in Hefei, Anhui Province, where JAC is based.
About Anhui Jianghuai Automobile Co., Ltd
Anhui Jianghuai Automobile Co. , Ltd. Is a well-known Chinese manufacturer of passenger cars and commercial vehicles, headquartered in Hefei (Anhui Province). The company’s product range mainly includes heavy, medium and light trucks, multi-purpose commercial vehicles, SUVs, sedans and buses, as well as major components such as chassis, transmission, engine and axles. JAC markets its vehicles under two car brands: “Jianghuai” and “Ankai”.
About the Volkswagen brand
As an independent brand in the Volkswagen Group, Volkswagen Commercial Vehicles worldwide is responsible for the production, manufacture and sale of light commercial vehicles, producing the Transporter, Caddy, Crafter and Amarok range. In consultation with its customers, Volkswagen Commercial Vehicles provides the right car concepts, telematics and logistics solutions to maximize resource utilization at the highest possible level of efficiency. In 2016, the brand sold about 480,000 light commercial vehicles manufactured at its sites in Hanover (P), Pozna (PL), Varzenia (PL) and Pachko (ARG). Volkswagen’s commercial vehicles employ more than 21,000 people worldwide.
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