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 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, 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
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, 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
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