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Volkswagen launches new joint venture with JAC for e-mobility in China

On Jun 1 Volkswagen announced that in the presence of Federal Chancellor Angela Merkel and Chinese Premier Li Keqiang, Volkswagen signed a joint venture agreement with the Chinese automaker Anhui Jinghua Automobile (JAC) in Berlin.
Each of the partners is to hold a 50 percent stake in the new company, which is to de....

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