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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.
A document posted online by the Hefei Economic and Technological Development Area on Monday showed that Volkswagen and JAC had obtained approval from environmental authorities to build a plant ...
It was renamed to Volkswagen Anhui after Volkswagen took a majority stake (75%) in the company in 2020 along with a 50% stake in government-owned JAG (parent of JAC) in a one billion euro deal. The company will focus on electric vehicles, with an eMobility R&D hub that will serve the entire Volkswagen Group in China.
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 .
The Cupra Tavascan is an battery electric compact crossover SUV to be produced by Volkswagen Anhui, a joint venture between Volkswagen (75%) and Chinese company JAC Group (25%), and sold by Cupra, a subsidiary of SEAT. The concept version was first shown at the 2019 Frankfurt Motor Show. [4]
The Volkswagen Chattanooga Assembly Plant was inaugurated on May 24, 2011, and initially built the US-spec Volkswagen Passat and in 2017 started production of the Volkswagen Atlas. [ 11 ] With effective from 12 December 2024, Kjell Gruner is the new Chief Executive Officer of VWoA, taking the helm from Pablo Di Si who has stepped down from the ...
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