综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Motoring

Volkswagen, JAC Motors teaming up

By Li Fusheng | China Daily | Updated: 2017-11-28 07:25
Share
Share - WeChat

Employees work at the production line of Anhui Jianghuai Automobile Co Ltd in Hefei, capital of Anhui province.[Photo by Liu Yifan/China Daily]

German automaker Volkswagen AG is joining hands with Anhui Jianghuai Automobile Co Ltd (JAC Motors) to develop and sell commercial vehicles in China in an effort to grab a slice of the segment that is growing rapidly in the world's largest car market.

The two companies will build a 50:50 joint venture in Hefei, Anhui province, where JAC Motors is headquartered, according to a memorandum of understanding signed on Monday.

Volkswagen said the partnership will involve a full range of cooperation covering research, development and sales of multifunctional vehicles-both powered by internal combustion engines and new energy ones.

But it did not reveal specifics like the amount of investment involved, the date the partnership will be finalized, and the brand that the vehicles developed by the joint venture would sport.

The agreement comes at a time when commercial cars are growing fast in China. A total of 3.07 million vehicles were sold from January to September this year, up 17.9 percent year-on-year, 13.4 percentage points higher than the average of the auto-motive market, according to the China Association of Automobile Manufacturers.

Jochem Heizmann, a board member at Volkswagen AG and head of Volkswagen Group China, said, "Volkswagen welcomes this opportunity to pursue further cooperation with JAC. Both groups have complementary strengths in the multifunctional vehicle field."

Volkswagen builds and sells the Transporter, Caddy, Crafter and Amarok ranges, with around 480,000 vehicles sold in 2016 worldwide. JAC Motors produces and sells trucks, buses, multifunctional commercial vehicles, sports utility vehicles, sedans and key components such as chassis, transmissions, engines and axle units.

It sold 427,091 vehicles in the first 10 months of this year, some 57 percent of which were commercial vehicles.

JAC Motors Chairman An Jin said: "We see great potential for mutual benefit in an area where both companies have strong advantages. Together, we can greatly enhance the multifunctional vehicle market, bringing consumers excellent products and more choices."

The partnership when finalized will become the second one between Volkswagen and JAC Motors. The two firms inked a deal in June to develop and produce electric passenger cars, with its first vehicle slated to hit the market in 2018.

Volkswagen also has joint ventures with China's FAW Group Corporation and SAIC Motor Corporation.

As the best-selling carmaker in China, Volkswagen and its joint ventures delivered some 2.9 million cars in the Chinese mainland and Hong Kong in the first three quarters of this year, up 1.4 percent year-on-year.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
昆明市| 蓝田县| 郸城县| 蒙山县| 邯郸市| 宜君县| 阳西县| 合川市| 集安市| 九龙城区| 高清| 牟定县| 金寨县| 图们市| 永登县| 许昌县| 金堂县| 墨脱县| 且末县| 玉环县| 开阳县| 湟源县| 从江县| 汝城县| 华亭县| 平果县| 电白县| 大石桥市| 临城县| 沙湾县| 应城市| 陵川县| 吉首市| 新闻| 博兴县| 皋兰县| 个旧市| 资源县| 岳阳县| 塔河县| 万全县|