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Old 06-12-2017, 01:32 PM   #2
dmitra
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Join Date: Nov 2013
Posts: 7,682
Default JAC-VW EV project 15th approved by NDRC

JAC-VW EV project is the 15th such approved by NDRC:

Official: http://www.ndrc.gov.cn/zwfwzx/xzxkne...23_848288.html
Report in English: http://www.reuters.com/article/us-ja...-idUSKBN18I15I

Interestingly, the JV company, provisionally "JAC Volkswagen Automobile Co., Ltd.", was set up a fortnight after the approval was received, although the application was made by both parties using that tentative name.

The project is located in the Hefei ETDZ. No additional land acquisition will be necessary but new halls to handle stamping, welding, painting, final assembly, R&D, and battery packs will have to be constructed. A new trademark (brand) needs to be registered, and "SEAT" is one of the possibilities.

Planned total investment is around 750 mn USD.

Last edited by dmitra; 06-12-2017 at 01:40 PM.
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