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In 2020, Volkswagen Group signs letters of intent between Volkswagen (China) Investment Co. Ltd. and the Government of Anhui Province, for the increase of the Volkswagen Group's stake in the JAC Volkswagen joint venture, from the current 50% to 75%. A transition that also requires investment in JAG (JAC Holding Group), the parent company of JAC ...
In 2020, the Volkswagen Group increased its stake in the joint venture, JAC Volkswagen, to 75% and officially renamed Volkswagen Anhui. The Sehol brand has been licensed for use by JAC, essentially making it no longer a joint venture brand. [7] As of 2020, JAC started to rebadge the JAC products under the Jiayue series as Sol vehicles.
Sehol E20X rear. The Sehol E20X is the first car produced by Sehol or originally, Sol. The car debuted during the 2018 Beijing Auto Show and is based on the JAC Refine S2 and JAC iEV7S, while featuring a new front that is reminiscent to the front of a SEAT due to the previous plans of bringing electrified SEAT vehicles into China under the Sol brand.
Volkswagen Group China on Thursday confirmed the numbers that had been included in previous official documents and said JAC-Volkswagen would launch its first model soon. A spokesperson for the ...
Volkswagen's Audi plant in San Jose Chiapa, Mexico, makes the Q5, employing just over 5,000 people. ... JAC Motors assembles JAC brand vehicles via a joint venture with Mexican firm Giant Motors ...
Volkswagen Anhui (formerly JAC-Volkswagen) is a joint venture formed in 2017 between JAC Motors and Volkswagen headquartered in Hefei, Anhui, initially to produce electric vehicles under the SEAT brand, and later the Sehol brand.
Volkswagen shares were down 0.5% at 1100 GMT, in line with Germany's blue-chip DAX index. They have lost 26% this year as the company embarks on a major cost-cutting strategy, including job cuts ...
The joint venture is made up of equity from SAIC Motor (50%), Volkswagen AG (40%), Volkswagen (China) Invest (10%), with a fixed-term venture for 45 years up until 2030. [2] It is the first of three joint ventures operated by Volkswagen in China, alongside FAW-Volkswagen with FAW Group and Volkswagen Anhui with JAC Group.