Volkswagen Group and Anhui Jianghuai Automobile (JAC) aim for corner growth of electric vehicles in China

Posted on 07. Sep, 2016 by in Volkswagen Canada

Volkswagen AG and Anhui Jianghuai Automobile Co., Ltd. (JAC) yesterday sealed a Memorandum of Understanding (MoU) in Wolfsburg to conclude a subsequent proviso of negotiations between a dual companies in sequence to grasp long-term team-work in a corner expansion of all-electric vehicles in China.

“As we aim to be during a forefront of e-mobility, Volkswagen Group is looking brazen to try all options to set adult a tighten and jointly profitable partnership with JAC. We trust this team-work would not usually advantage a dual organizations, though would also be of good value to a customers, a sound sourroundings and a Chinese multitude in general,” pronounced Matthias Müller, Chairman of a Board of Management of Volkswagen AG.

According to a MoU a parties intend to enter into discussions to weigh a perspectives and feasibility of a new corner try association (“JV”), focusing on new appetite vehicles (NEV), to lift out full range team-work in areas including investigate and development, manufacture, sales and mobility services in a margin of NEV and tools in sequence to urge fuel efficiency. The tip priority will be to rise zero-emission mobility solutions.

Commenting on a agreement, Mr. An Jin, Chairman of a Anhui Jianghuai Automobile Co., Ltd, said, “We demeanour brazen to a full range team-work together with Volkswagen Group, concentration on new appetite vehicles, to yield Chinese consumers with rarely cost-effective battery-powered electric car (BEV) products that foster a expansion of a Chinese new appetite car zone as good as a Chinese car industry’s mutation and upgrading. The dictated team-work between JAC and Volkswagen Group can be called a ‘Creating Together’ model, that embodies mutual advantage and a win-win situation. We wish to rise this team-work into a code new business indication during a routine of Chinese car industry’s opening up.”

“Together, Volkswagen Group and JAC will entirely try all options how to combine a resources, including existent and destiny indication platforms, technologies and other expertise, to grasp a rival product plan as shortly as possible,” pronounced Prof. Dr. Jochem Heizmann, Member of a Board of Management of Volkswagen Aktiengesellschaft as good as President and CEO of Volkswagen Group China. “We during Volkswagen Group China are enhancing a efforts in terms of e-mobility to accommodate a final of a customers.”

As partial of a extensive new Group Strategy “Together – Strategy 2025” Volkswagen is also heightening efforts for tolerable mobility worldwide. The Group will be rising a broad-based beginning for electro-mobility and intends to rise some-more than 30 new, quite battery-powered electric vehicles (BEVs) over a subsequent 10 years.

Anhui Jianghuai Automobile Co., Ltd (JAC) is a extensive car association encompassing RD, production, sales and use and other businesses associated to a prolongation and sale of blurb and newcomer vehicles, including powertrains. It has dual car brands, “Jianghuai” and “Ankai”.

JAC delivered 333,639 vehicles and framework in a initial 6 months of 2016 (+14.15%), with new appetite car sales increasing massively compared with final year (+261%), while SUV sales confirmed fast expansion (+30%).

JAC’s categorical products include: heavy, medium, light and tiny trucks, multi-function blurb vehicles, SUVs, sedans, buses, and core components such as chassis, gearboxes, engines and spindle assemblies.

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