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View Full Version : Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push


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01-20-2020, 12:11 AM
Filed under: Green (https://www.autoblog.com/category/green-auto-news/),Volkswagen (https://www.autoblog.com/volkswagen),Electric (https://www.autoblog.com/category/electric/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-01/a0673cc0-3962-11ea-b1ff-71fcbf0531de HONG KONG/BEIJING (Reuters) - Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd , two sources told Reuters, as the German firm accelerates its electric push into the world's largest auto market. The deal would mark Volkswagen's first direct ownership in a Chinese battery maker and comes as the Wolfsburg-based automaker strives to meet a goal of selling 1.5 million new energy vehicles (NEVs) a year in China by 2025,Continue reading Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push (https://www.autoblog.com/2020/01/19/vw-china-battery-maker-investment-guoxuan/)
Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push (https://www.autoblog.com/2020/01/19/vw-china-battery-maker-investment-guoxuan/) originally appeared on Autoblog (https://www.autoblog.com) on Sun, 19 Jan 2020 12:30:00 EST. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).


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