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 News
Mar 14, 2024

On March 12, JAC Group announced on the Shanghai Stock Exchange (SSE) its plan for a CNY 6.5 billion capital increase in Volkswagen (Anhui) Automotive Co., Ltd. (VW Anhui) with VW China in equal proportion to their shareholding ratios.

JAC Group and VW China will contribute CNY 1.625 billion and CNY 4.875 billion, respectively, in cash. Upon completion of the related transaction, the two parties’ respective shareholding ratios will stay unchanged at 25% and 75%.

According to JAC Group, this capital increase will be conducive to further deepening its strategic partnership with VW China and enhancing VW Anhui’s comprehensive strength and anti-risk capability.

From a JAC Group SSE announcement

Mar 14, 2024

On March 11, JAC No.1 Truck started accepting pre-orders for the Shuailing EV5 battery electric light-duty truck, which has a starting pre-order price of CNY 129,800.

Equipped with a Prestolite flat wire motor (130kW/360Nm) and a 3rd-generation 81kWh battery pack from a well-known brand, the Shuailing EV5 delivers a range of over 180km, a charging time of less than 30 minutes from 30% to 80% battery capacity in fast charging mode, a 0 to 50km/h acceleration time of only 6 seconds when fully loaded, a top speed of over 90km/h, and a maximum climb gradient of over 30%.

The Shuailing EV5 offers a 4,150mm long, 2,100mm wide, and 2,200mm high cargo bay; a 3,365mm wheelbase; and a 20-cubic-meter cargo capacity.

From a JAC Group press release

Mar 07, 2024

On March 1, the Department of Ecology and Environment of Anhui Province (DEEAP) issued a report on the environmental impact of a JAC Group mid-to-high-end intelligent battery electric passenger vehicle project with an annual capacity of 200,000 units.

The report shows that this project, with a total investment amount of CNY 3,980.5 million and a planned annual capacity of 200,000 battery electric (including range-extended) passenger vehicles, is aimed at developing two electric platforms, the DE and the X6.

The DE is a New Energy Vehicle (NEV)-dedicated platform covering midsize sedans, mid-to-large-size sedans, A+-Class SUVs, and other midsize models.

The X6, a luxury NEV platform covering mid-to-large-size MPVs, will be used to actively seize market share with the support of intelligent technologies from Huawei. A featured MPV model is expected to come with a length of 5.2m, a wheelbase of 3.2m, and a planned annual capacity of 35,000 units.

From a DEEAP press release