Volkswagen plans EV plant with JAC in China
Volkswagen Group's joint venture with China's Anhui Jianghuai Automobile Co. (JAC) plans to invest 5.06 billion yuan ($750.8 million) in a new electric car factory in eastern Hefei city.
A document posted online by the Hefei local authorities Economic and Technological Development Area showed that VW and JAC had obtained approval from environmental authorities to build a plant capable of producing 100,000 full-electric cars 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 Sol E20X, will be launched this year.