Volkswagen Goes On Billion Dollar EV Investment Spree In China To Compete Directly With Tesla
May 29, 2020 at 04:58 AM EDT
Volkswagen will buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors for $491 million and will become the largest shareholder of EV battery maker Guoxuan High-tech Co Ltd.
