SHANGHAI—Volkswagen AG is investing €1 billion in a Chinese auto maker and a further €1.1 billion in a local battery producer, the company said Friday, in the latest bet by the German auto maker on the Chinese electric-vehicle sector.
Volkswagen is increasing its stake in an existing joint venture with JAC Motors to 75% from 50% through the acquisition of half of JAC’s parent company, state-owned Anhui Jianghuai Automobile Group. The joint venture focuses on electric vehicles.
They are no longer the cars of the people. they are cars against freedom and human rights. FreeUyghur HongKongProtests
Stupid
Volkswagen people are a joke. Thinking of short term profit at the expense of more serious long term consequences.
what's the matter between you and China? did China invade your country? did Chinese insult you? where does this hatred come from? I am very curious.
JChengWSJ ccp says thank you, and your execs are potential hostages
Fucking idiot Volkswagen
aaannnd already imaged on the www [😜] $tsla $vwagy
China is the biggest market in this planet ,no one will ignore it .business is business .
Loco este Volkswagen. Noay man boycottc conel China. Better boycott all cars made in China!
Short Tesla?
Volkswagen stay with china!
bet尼玛bet，人家投资就是bet？ 这报纸也是傻逼玩意。 那你也来bet一下么？
Covid-19 was an unintentionally fault.
Cool
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Volkswagen raises China electric vehicle bet by 2 billion euros, buys stakes in two separate firmsVolkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world's biggest auto market as international rivals seek to muscle in. Ok. I get “business is business” but don’t you VW think this sends the wrong message when China is busy clamping down on HongKong? AngelaMerkeICDU do you have any thoughts, please? Not surprised. Nazis love each other. Amid numerous 'warnings' of international capitals leaving China or Hongkong circulating on western media recently, the VW group is going to invest 2.1 billion euros in two Chinese electric vehicle players. What a contrast! We expect more contrasts to happen.
Source: Reuters - 🏆 2. / 97 Read more »
Investor Carl Icahn sells entire Hertz stake at almost $2 billion loss - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Во Имя БОГА, Любимого. Слава Возвышенному. БОГ один, нет божества другого. Идолы и поклоняющиеся им, будут растопкой для огня Ада. Они будут там стонать вечно, но никто не услышит их мольбу. Сколько бы Я Пророк не призывал, большинство народов беспечны. Не покорились БОГУ. Has he lost his touch? Lol Hertz needs to go under. Let the other company’s take over.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus lockdown drains $225 billion and counting from US nightlife industry: trade groupNightclubs have now lost more than $225 billion due to the coronavirus lockdown, according to one trade group.
Source: YahooNews - 🏆 380. / 59 Read more »
Electric vehicle maker Nio eyes listing of new China entityElectric vehicle (EV) maker Nio Inc's chief executive said it may list its new Nio China entity, as the cash-strapped company eyed a rebound after selling fewer vehicles during the coronavirus outbreak. ChinaLiedAndPeopleDied WHO Just so everyone understands, $NIO is listed in the US, has a market cap of $4 billion and just issued new shares to the Chinese govt for $1 billion.
Source: Reuters - 🏆 2. / 97 Read more »