Following the joint witness of Volkswagen Group and Anhui Jianghuai Automobile Group Co., Ltd. in the beginning of June, under the joint witness of Premier Li Keqiang and German Chancellor Angela Merkel, the joint venture agreement was formally signed in Berlin, Germany. New progress has been made. It is reported that Hefei Municipal Government, Volkswagen Group and Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as Jianghuai Automobile) have officially signed an investment agreement on June 15 to speed up the implementation of the joint venture project between Volkswagen and Jianghuai Automobile. Under the framework of the agreement, Volkswagen Group and Jianghuai Automobile will jointly launch electric vehicle products to the fast-growing Chinese market.
On June 15th, under the joint witness of Mr. Li Jinbin, Secretary of the Anhui Provincial Party Committee and CEO of the Volkswagen Group, Mulun, Ms. Ling Yun, Mayor of Hefei, President and CEO of Volkswagen Group (China), Heizmann, and Anhui Jianghuai Automobile Co., Ltd. The company's chairman, Mr. An Jin, signed the investment agreement.
According to the cooperation agreement, the new factory and R&D center will be established in the future. In addition, the joint venture plans to establish a new used car platform. According to the plan, the newly established joint venture will officially start production of the first electric car in 2018.
In this regard, Mullen said: "In the process of establishing this pioneering joint venture between Volkswagen Group and Jianghuai Automobile, the Anhui Provincial Government and the Hefei Municipal Government provided us with valuable support. The agreement signed today is to promote the project. Another important step. Our strong partnership with JAC will make a significant contribution to China's fast-growing sustainable mobile travel business, while at the same time promoting the Volkswagen Group from traditional automakers. The transition to sustainable mobile travel solution providers."
Professor Heizman said: "Our joint venture with JAC is an important pillar for us to launch new energy vehicles in the Chinese market and provide consumers with a full range of electric vehicles. Volkswagen Group (China) is very grateful to Anhui Province The support and encouragement given by the government and the Hefei municipal government."

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