Re: Volkswagen & JAC EV cooperation (SOL)
This is a really interesting development. As I get it, JAC is in trouble for quite some time now with its passenger car sales about halved last year. I don't know about the truck division, which is probably the more important part of the business.
I wonder if Volkswagen plans to increase its share in JAC Holdings once the limitations on foreign ownership of car companies are fully lifted (2022?). I could see VW turn JAC into a full blown "VW China" where they can control everything without Chinese interference. It probably beats starting from scratch or trying to take control of SAIC-VW at a much higher price.