VW Group and SAIC extend JV agreement period to 2040
Volkswagen Group and SAIC Motor have signed an extension of their joint venture agreement until the year 2040. By extending the agreement, the partners say they are creating ‘early planning security beyond 2030 in a very dynamic development phase of the Chinese automotive market’.
SAIC, VW extend joint venture to 2040
China's SAIC Motor and German car group Volkswagen AG have extended their joint venture by 10 years, prolonging their collaboration at SAIC Volkswagen until 2040. This agreement, which was signed on Tuesday, marks the second renewal of the partnership, highlighting the success of Sino-German cooperation in the automotive sector.
SAIC, Volkswagen extend joint venture agreement to 2040: companies told GT
On the occasion of SAIC Volkswagen's 40th anniversary, SAIC Motor and the Volkswagen Group signed an extended joint venture (JV) agreement in Shanghai, further strengthening their long-term partnership and prolonging the joint venture period of SAIC Volkswagen until 2040,
Volkswagen, SAIC Motor announce new JV agreement
Group announced that it is strengthening its 40-year partnership with SAIC Motor for the long term. In Shanghai, both
Volkswagen, SAIC sell stakes in Xinjiang plant
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SAIC, Volkswagen Extend China JV Tie-Up to 2040
Based in Anting in Shanghai's Jiading district, SAIC Volkswagen has production bases in Nanjing, Yizheng, Urumqi, Ningbo, Changsha, and other cities. In 2015, it surpassed FAW-Volkswagen Automotive, the joint venture of FAW Group and Volkswagen, to become the top-selling passenger car company in China.
Volkswagen, Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor are selling their Xinjiang factory following human rights concerns. They've also extended their joint venture to 2040 and pl
SAIC Volkswagen agrees to sell controversial Xinjiang, China, auto plant
Germany's Volkswagen Group and its Chinese partner have sold a factory in the Xinjiang region of China, where accusations of forced labor dogged the facility for many years.
Volkswagen Extends Chinese JV Deal With SAIC; Reportedly To Exit Xinjiang Operations
German auto major Volkswagen Group (VKW.L, VLKAF.PK, VOW.BE) announced Wednesday that it is extending its Chinese joint venture deal
Chinese EV Makers Slip Further in Europe Amid Tariff Tussles
Chinese carmakers’ push into the European electric-vehicle market continued to meet resistance, with their share of ...
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040 ...
Volkswagen sells its car plant in Xinjiang, citing ‘economic reasons’
Volkswagen has sold its plant in Xinjiang, a region in northwestern China beset by accusations of human rights abuses, citing ...
SAIC’s Maxus Joins BYD in Pushing Suppliers for 10% Price Cut
SAIC Motor Corp.’s Maxus brand has joined market leader BYD Co. in seeking a 10% price cut from suppliers, another sign China ...
China’s carmakers don’t see the country’s fierce price war ending anytime soon as they press suppliers for discounts
Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV ...