Mexican Media Brands
China Approves EV Venture by VW, JAC Motor
Chinese regulators have approved a plan by Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) to make electric and plug-in hybrid vehicles for the local market.
#hybrid #regulations
Share
Chinese regulators have approved a plan by Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) to make electric and plug-in hybrid vehicles for the local market.
The companies announced plans for a 5.1 billion-yuan ($740 million) joint venture last September. They hope to begin next year to make as many as 100,000 electrified vehicles annually.
The companies confirm the plan has been accepted by the National Development and Reform Commission. But VW says some administrative matters must be resolved before the joint venture is finalized. JAC is China’s ninth-largest carmaker and one of the few large producers with no foreign partner.
RELATED CONTENT
-
Audi e-tron to Get September Reveal
Audi AG will take the wraps off its first electric vehicle, the all-new e-tron crossover, on Sept. 17 in San Francisco.
-
Study: Nearly 60% of EV Sales in 2035 Will Be in China
Global demand for electric vehicles will multiply by a factor of 15 to 11.3 million units by 2035, with the Chinese market generating 57% of the total, according to the Fuji-Keizai Group.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.