Mexican Media Brands
VW and China Partner Building $751 Million EV Factory
The electric car factory in Hefei, China, being launched by Volkswagen AG and joint venture partner Anhui Jianghuai Automobile Co. will have capacity to make 100,000 EVs per year.
#hybrid
Share
The electric car factory in Hefei, China, being launched by Volkswagen AG and joint venture partner Anhui Jianghuai Automobile Co. will have capacity to make 100,000 EVs per year.
Reuters cites a government agency posting online that put the cost of the facility at 5.1 billion yuan ($751 million). The factory will make the SEAT-branded Sol E20X small crossover vehicle that rides on a co-developed EV platform.
The two companies signed a memorandum of understanding last November to launch their first EV no later than 2021.
Media reports earlier this month indicated that VW is interested in acquiring a “significant” stake in the Chinese company. JAC says no formal discussions have taken place.
RELATED CONTENT
-
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.
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
UPS to Test Electric Delivery Truck
United Parcel Services of America Inc. is partnering with Los Angeles startup Thor Trucks Inc. to test a fully electric Class 6 delivery truck.