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China Approves JAC-Volkswagen EV Joint Venture

May 23, 2017 by Tycho de Feijter

China Approves JAC-Volkswagen EV Joint Venture

Chinese regulators have given their final approval for the new JAC-Volkswagen joint venture that will make affordable electric cars for the Chinese market. The joint venture contract has a duration of 25 years and planned annual output is 100.000 units.

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