Reuters reveals Volkswagen’s China partners bristle as carmaker lavishes love on new venture

Last Updated on 18/09/2021 by

Reuters revealed that Volkswagen’s talks to tighten its grip on a majority-owned joint venture in China have sparked tensions with the German automaker’s other Chinese partners who fear they could be sidelined. Volkswagen, which took control of one of JAC’s plants in the eastern city of Hefei last year, is now in talks to buy another as part of a big expansion in electric vehicles. That has rattled Volkswagen’s other Chinese partners, SAIC Motorand FAW, which want the German group to commit more models to their own ventures. 

Article Tags

Topics of Interest: Automotive

Type: Reuters Best

Sectors: Equities

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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