¡°As we aim to be at the forefront of
e-mobility, Volkswagen Group is looking forward to explore all options to set
up a close and mutually beneficial partnership with JAC. We believe this
cooperation would not only benefit our two organizations, but would also be of
great value to our customers, a sound environment and the Chinese society in
general,¡± said Matthias M¨¹ller, Chairman of the Board of Management of
Volkswagen AG.
According to the MoU the parties intend
to enter into discussions to evaluate the perspectives and feasibility of a new
joint venture company (¡°JV¡±), focusing on new energy vehicles (NEV), to carry
out full scope cooperation in areas including research and development,
manufacture, sales and mobility services in the field of NEV and parts in order
to improve fuel efficiency. The top priority will be to develop zero-emission
mobility solutions.
Commenting on the agreement, Mr. An Jin,
Chairman of the Anhui Jianghuai Automobile Co., Ltd, said, ¡°We look forward to
a full scope cooperation together with Volkswagen Group, focus on new energy
vehicles, to provide Chinese consumers with highly cost-effective
battery-powered electric vehicle (BEV) products that promote the development of
the Chinese new energy vehicle sector as well as the Chinese auto industry¡¯s
transformation and upgrading. The intended cooperation between JAC and
Volkswagen Group can be called a ¡®Creating Together¡¯ model, which embodies
mutual benefit and a win-win situation. We hope to develop this cooperation
into a brand new business model during the process of Chinese auto industry¡¯s
opening up.¡±
¡°Together, Volkswagen Group and JAC will
thoroughly explore all options how to concentrate our resources, including
existing and future model platforms, technologies and other expertise, to
achieve a competitive product strategy as soon as possible,¡± said Prof. Dr.
Jochem Heizmann, Member of the Board of Management of Volkswagen
Aktiengesellschaft as well as President and CEO of Volkswagen Group China. ¡°We
at Volkswagen Group China are enhancing our efforts in terms of e-mobility to
meet the demands of the customers.¡±
As part of its comprehensive new Group
Strategy ¡°Together ¨C Strategy 2025¡± Volkswagen is also intensifying efforts for
sustainable mobility worldwide. The Group will be launching a broad-based
initiative for electro-mobility and intends to develop more than 30 new, purely
battery-powered electric vehicles (BEVs) over the next ten years.
Anhui Jianghuai Automobile Co., Ltd (JAC)
is a comprehensive automobile company encompassing R&D, production, sales
and service and other businesses related to the production and sale of
commercial and passenger vehicles, including powertrains. It has two vehicle
brands, ¡°Jianghuai¡± and ¡°Ankai¡±.
JAC delivered 333,639 vehicles and
chassis in the first six months of 2016 (+14.15%), with new energy vehicle
sales increased massively compared with last year (+261%), while SUV sales
maintained stable growth (+30%).
JAC¡¯s main products include: heavy,
medium, light and miniature trucks, multi-function commercial vehicles, SUVs,
sedans, buses, and core components such as chassis, gearboxes, engines and axle
assemblies.