Volkswagen and JAC to build electric vehicle production plant in China

Volkswagen and JAC to build electric vehicle production plant in China

April 26, 2019 0 By autotimesnews

The size of investment in the project today is estimated at 750 million dollars. The joint venture of the two automakers will be located in eastern China.

In the Chinese city of Hefei will earn a new car factory, which will produce electric cars. The new enterprise will be a project of two automotive companies – Volkswagen and JAC. It is known that both brands are going to invest about $ 750 million in the company. It is known that companies have already received permission from environmental authorities to build a plant. It is planned that about 100 thousand electric cars will go off the assembly line of the new enterprise annually.

Information on the construction of the plant was also confirmed by representatives of the joint venture. According to them, it became known that the debut model for the plant will be a fully electric car with an index of E20X. This electric car can be published in the current year.

Recall electric cars in China are very popular. According to analysts, if this trend continues, the “green” cars here in the near future will win the traditional cars.