· The matchmakers have achieved the goal of the Chinese and German prime ministers witnessing the Jianghuai Volkswagen signing the joint venture agreement

During the visit to Germany, Premier Li Keqiang witnessed the signing ceremony of the Jianghuai Volkswagen joint venture during the visit to Germany. So far, the Jianghuai public marriage, which was matched by Premier Li Keqiang, was officially settled. Jianghuai Automobile and Volkswagen signed a "joint venture contract" in Berlin, Germany. The company agreed to jointly establish Jianghuai Volkswagen Co., Ltd. on June 1 to take advantage of the technical and commercial advantages of the two parties in the field of new energy vehicles. To jointly promote the development of China's new energy auto industry, promote the transformation and upgrading of China's auto industry, and hope to make this model a new paradigm under the new situation of China's auto industry opening up and cooperation.

On June 1, 2017, under the joint witness of Premier Li Keqiang and German Chancellor Merkel, Volkswagen Group and Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as Jianghuai Automobile) officially signed a joint venture agreement in Berlin, Germany.

According to the agreement, the total investment of the joint venture company is RMB 6 billion, and the registered capital is RMB 2 billion, with each party accounting for 50%. The business scope of the joint venture company includes research and development, manufacturing of new energy vehicles (including pure electric and extended-range passenger vehicles); research and development, manufacturing of new energy vehicle core components such as electric vehicle batteries; sales of complete vehicles and their components, components, accessories, etc. Business Activity. At the same time, the joint venture can cooperate in new business areas such as mobile travel, vehicle interconnection, big data, used car platforms, and remanufacturing. After the establishment of the joint venture company, a new brand will be established and a new new energy vehicle plant will be planned, with an annual production capacity of 360,000 units.
The announcement shows that Jianghuai Automobile will provide advanced new energy vehicles and related technologies to the joint venture company; Volkswagen (China) Investment Co., Ltd. or affiliates can provide advanced new energy vehicles and related technologies to help the joint venture company to the public-specific PQ platform. Carry out electric transformation and upgrade the quality and performance of Jianghuai Automobile to the joint venture company.
The following is the full text of the announcement:

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