VW Group and SAIC extend JV agreement period to 2040
Volkswagen Group and SAIC Motor have signed an extension of their joint venture agreement until the year 2040. By extending the agreement, the partners say they are creating ‘early planning security beyond 2030 in a very dynamic development phase of the Chinese automotive market’.
SAIC, Volkswagen Extend China JV Tie-Up to 2040
Based in Anting in Shanghai's Jiading district, SAIC Volkswagen has production bases in Nanjing, Yizheng, Urumqi, Ningbo, Changsha, and other cities. In 2015, it surpassed FAW-Volkswagen Automotive, the joint venture of FAW Group and Volkswagen, to become the top-selling passenger car company in China.
SAIC, VW extend joint venture to 2040
China's SAIC Motor and German car group Volkswagen AG have extended their joint venture by 10 years, prolonging their collaboration at SAIC Volkswagen until 2040. This agreement, which was signed on Tuesday, marks the second renewal of the partnership, highlighting the success of Sino-German cooperation in the automotive sector.
SAIC, Volkswagen extend joint venture agreement to 2040: companies told GT
On the occasion of SAIC Volkswagen's 40th anniversary, SAIC Motor and the Volkswagen Group signed an extended joint venture (JV) agreement in Shanghai, further strengthening their long-term partnership and prolonging the joint venture period of SAIC Volkswagen until 2040,
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040
VW And SAIC Extend Deal To 2040, Plan New Hybrids And Range-Extender EVs, End Controversial Xinjiang Plant
Volkswagen and China’s SAIC have signed a deal extending their partnership to 2040. The pair announced their recommitment to ...
SAIC Volkswagen agrees to sell controversial Xinjiang, China, auto plant
Germany's Volkswagen Group and its Chinese partner have sold a factory in the Xinjiang region of China, where accusations of ...
Volkswagen to Exit Xinjiang Amid Economic Pressures and Human Rights Controversies
Volkswagen announces the sale of its Xinjiang operations, citing economic reasons amid human rights allegations and slowing ...
Volkswagen to Exit China’s Xinjiang Region After 12 Years
The automaker has long been criticized by human rights activists for doing business in the territory, where China has ...
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Volkswagen divests from controversial plant in China's Xinjiang
German carmaker Volkswagen is withdrawing from its controversial involvement in a factory in China's Xinjiang province, which ...
VW buckles after years of pressure to sell up in Xinjiang
Volkswagen will sell its operations in China's Xinjiang, it said on Wednesday, after years of mounting pressure to abandon ...