Post limit reached. Volkswagen also has ventures with state-owned China FAW Group Corp Ltd [SASACJ.UL] and SAIC Motor Corp Ltd. Shares in both JAC and Guoxuan climbed their maximum daily limit of 10% on Friday morning. BEIJING/HONG KONG (Reuters) - Volkswagen AG VOWG_p.DE plans to boost its electric push in China, the world's biggest auto market, by pumping 2.1 billion euros in two Chinese electric vehicle players. VW China Group plans to gain a 26 percent stake in battery maker Gotion to meet rising demand in battery capacity. Woellenstein said Anhui province, where Hefei is located, will be Volkswagen’s EV manufacturing hub in China. does not correspond with the subject of the post; promotes hatred and discrimination on racial, ethnic, sexual, religious or social basis or violates the rights of minorities; violates the rights of minors, causing them harm in any form, including moral damage; contains ideas of extremist nature or calls for other illegal activities; contains insults, threats to other users, individuals or specific organizations, denigrates dignity or undermines business reputations; contains insults or messages expressing disrespect to Sputnik; violates privacy, distributes personal data of third parties without their consent or violates privacy of correspondence; describes or references scenes of violence, cruelty to animals; contains information about methods of suicide, incites to commit suicide; pursues commercial objectives, contains improper advertising, unlawful political advertisement or links to other online resources containing such information; promotes products or services of third parties without proper authorization; contains offensive language or profanity and its derivatives, as well as hints of the use of lexical items falling within this definition; contains spam, advertises spamming, mass mailing services and promotes get-rich-quick schemes; promotes the use of narcotic / psychotropic substances, provides information on their production and use; contains links to viruses and malicious software; is part of an organized action involving large volumes of comments with identical or similar content ("flash mob"); “floods” the discussion thread with a large number of incoherent or irrelevant messages; violates etiquette, exhibiting any form of aggressive, humiliating or abusive behavior ("trolling"); doesn’t follow standard rules of the English language, for example, is typed fully or mostly in capital letters or isn’t broken down into sentences. It utilizes a 100 kW electric motor, similar to the Volkswagen e-Golf, and a 38.1 kWh battery for up to 278 km (173 miles) of NEDC range. Volkswagon Group's Chinese operations announced on Monday it planned to invest nearly €15bn along with joint ventures SAIC Volkswagen, FAW-Volkswagen and JAC Volkswagen to boost electric vehicle production from 2020 to 2024.



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