Classification: JV UPDATE
Volkswagen Brand China and FAW-Volkswagen establish ¥1 billion JV for connected services [2019-03-21]

CHENGDU – Volkswagen Brand China said in a statement on March 19 that it and its Chinese joint venture FAW-Volkswagen have created a new joint venture to scale up their cooperation in the area of digitalization and connectivity.

Mazda acquires Ford stake in China engine JV [2019-01-31]

NANJING – Mazda said in a statement on January 30 that it has purchased in full Ford Motor Co.’

Brilliance China approves BMW's 25 percent share increase in BBA [2019-01-23]

HONG KONG – BMW Group said in a statement on January 18 that partner Brilliance China Automotive Holdings Ltd.

Kenon to sell half of remaining 24 percent stake in Qoros to Baoneng for ¥1.56 billion [2019-02-02]

SINGAPORE – Kenon Holdings Ltd., together with its wholly-owned subsidiary Quantum (2007) LLC, said in a statement on January 8 that it plans to sell half of its remaining 24 percent stake in Qoros Automotive Co., Ltd.

BAIC BJEV and Magna inaugurate tech JV in Zhenjiang, break ground for NEV test center [2019-01-18]

ZHENJIANG, Jiangsu – Beijing Electric Vehicle Co., Ltd. (BAIC BJEV) and Magna opened their technology joint venture –

Geely Auto and CATL form JV to produce NEV batteries [2018-12-28]

HANGZHOU, Zhejiang – Geely Automobile Holdings (Geely Auto) and Contemporary Amperex Technology (CATL) announced on December 20 that they have reached agreement to form a joint venture company to produce and develop vehicle batteries for new energy vehicles.

Renault to add fourth China JV by investing into JMEV [2018-12-21]

NANCHANG, Jiangxi – Groupe Renault and Jiangling Motors Co. Group (JMCG) jointly announced on December 20 that they have reached an agreement where the French automaker will take a significant stake in JMEV, a subsidiary of JMCG and one of the 15 battery electric vehicle manufacturers that have been approved by the National Development and Reform Commission (NDRC).

JAC-Volkswagen breaks ground for New Energy PV R&D Center in Hefei focused on electrification, connectivity and autonomous driving [2019-01-14]

HEFEI, Anhui – JAC-Volkswagen Automotive Co., Ltd. broke ground for its New Energy Passenger Vehicle Project R&D Center here on December 10, two weeks after a strategic agreement was signed by Volkswagen Group China, JAC and SEAT in the presence of Chinese President Xi Jinping and Spanish Prime Minister Pedro Sá

Volkswagen Group, JAC and SEAT sign new deal, Spanish brand to return to China by 2021 [2018-11-29]

MADRID – Volkswagen Group’s Spanish brand SEAT will be returning to China in 2021. In the presence of visiting Chinese President Xi Jinping and Spanish Prime Minister Pedro Sa?nchez, Volkswagen Group China, Chinese partner JAC and SEAT signed a Memorandum of Understanding on November 28 at the Palace of Moncloa in Madrid, the official residence and workplace of the Spanish Prime Minister.

Daimler and Geely to form premium ride-hailing JV in China, services to start in 2019 [2018-10-25]

STUTTGART – It’s official. Daimler and Geely have come together on the mobility front via a premium ride-hailing joint venture in China, just a few weeks after rumors surfaced that they would do so.

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