Published

China Approves EV Venture by VW and JAC Motor

Regulators in China have approved a plan by Volkswagen AG and Anhui Janghuai Automobile Co. (JAC Motors) to make electric cars, according to the two carmakers.
#hybrid #regulations

Share

Regulators in China have approved a plan by Volkswagen AG and Anhui Janghuai Automobile Co. (JAC Motors) to make electric cars, according to the two carmakers.

The companies have been cleared by the National Development and Reform Commission to make as many as 100,000 all-electric vehicles per year. Reuters says a JAC regulatory filing puts the price of the venture's initiative at 5.1 billion yuan ($741 million).

VW and JAC intend to begin EV production in 2018. VW earlier said it hopes to sell 400,000 “new-energy” vehicles, which includes hybrids, in China by 2020.

RELATED CONTENT

  • Honda to Make Hybrids in Thailand

    Honda Motor Co. is preparing to launch production in Thailand of hybrid cars and the batteries that help power them.

  • Aluminum Sheet for EV Battery Enclosure

    As the number of electric vehicles (EVs) is about to increase almost exponentially, aluminum supplier Novelis is preparing to provide customers with protective solutions

  • On Military Trucks, Euro Car Sales, Mazda Drops and More

    Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.

Gardner Business Media - Strategic Business Solutions