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Volkswagen plans EV plant with JAC in Hefei
Reuters | 2019/4/26

BEIJING -- Volkswagen Group's joint venture with China's Anhui Jianghuai Automobile Co. plans to invest 5.06 billion yuan ($750.8 million) in a new electric vehicle factory in eastern Hefei city, according to local authorities.

A document posted online by the Hefei Economic and Technological Development Area shows that Volkswagen and JAC have obtained approval from environmental authorities to build a plant capable of producing 100,000 full-electric battery vehicles a year.

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 joint venture confirmed plans for the plant, saying the approval represented an "orderly advancement of the project", and the venture's first electric model, the E20X, will be launched this year.

Go Green
The German automaker, China's largest foreign automaker with sales of 4.21 million light vehicles on the mainland and Hong Kong in 2018, has pledged to ramp up production of zero-emission vehicles.

Volkswagen plans to produce more than 22 million EVs in the next 10 years, with over half of them built in China. It plans to launch 14 new energy vehicle models in China this year.

VW's joint venture with JAC, approved in 2017, said last year it would launch an r&d center in China. It also planned to introduce the Seat brand in China by 2020-21.

Reuters reported this month that Volkswagen is in talks with South Korean battery maker SK Innovation to accelerate EV development.

China's car market, the world's largest, shrank for the first time last year since the 1990s. However, the new energy vehicle market is still growing rapidly and NEV sales jumped 61.7 percent to 1.3 million units in 2018.

The China Association of Automobile Manufacturers has said new energy vehicle sales could hit 1.6 million units this year.

Volkswagen has started building a $2.5 billion new energy vehicle plant in Shanghai with SAIC Motor Corp., which will make vehicles under VW's luxury Audi brand.

SAIC Volkswagen said the new plant would have an annual capacity to make 300,000 cars and begin production in 2020.

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