Clean Technica | By: Tim Dixon | November 25, 2017:
Bloomberg recently reported that Volkswagen has outlined its electric vehicle investments in China with an announcement of investment of $12 billion over the next 7 years with its Chinese joint venture partner JAC (Anhui Jianghuai Automobile).
JAC, a relatively unknown company in the west, has had a range of electric cars under the iEV name and has an established production base in China.
Volkswagen’s investment timeline for 2025 will see the investment of $12 billion and will help the introduction of 40 locally produced vehicles.
Volkswagen China head Jochem Heizmann informed reporters in Guangzhou on the 9th November 2017 that with their partner they will develop and produce the 40 models for the Chinese market.
The joint venture will start production of electric vehicles in the first half of 2018 with the sales starting in the second half of 2018.
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