Volkswagen pumps 2 billion euros into China electric vehicle bet

Volkswagen pumps 2 billion euros into China electric vehicle bet

VW plans to boost its electric push in China by pumping 2.1 billion euros in two Chinese EV players. VW will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group, also taking full management control. In a separate transaction, Volkswagen will pay 1.1 billion euros to acquire 26.5% of Guoxuan High-tech, a maker of electric vehicle batteries.

Kathy
Kathy
FAKENEWSVOICE
FAKENEWSVOICE 1 months

Germany is behind Volkswagon (gov subsidies) and EU/UN is corruptly allied to China. They are leeching their own people to sacrifice and give to self appointed NWO head Xi. Europeans, you are pathetic cowards that I scorn, where is your sense of pride justice and duty?

FAKENEWSVOICE
FAKENEWSVOICE 1 months

There is no reason businesswise for a German company with all the tech to buy into a chinese company that they cannot own and must give all the technology to and will never get accounting info. This is just Germany helping out China against the well-being off its own people. Death to EU. Death to UN.

Robert_Clearwater
Robert_Clearwater 1 months

China is becoming an international leper at this point, they are militarily threatening their neighbors and the world is wising up about them being a snake in the grass. And then Volkswagon goes and invests billions of dollars, way to go VW.

Felix
Felix 1 months

VW car is shit anyway

wazzy75
wazzy75 1 months

Why on earth would anyone be investing and more money in China? They have not acted like honest reliable business partners.

Timmeh, Little Loud
Timmeh, Little Loud 1 months

And the sheep will keep buying VWs.

tim
tim 1 months

Bad deal. Somebody is getting Screwed

Timothy
Timothy 1 months

As if nothing had happened...

LickMyBootyHole
LickMyBootyHole 1 months

Another reason not to but VW.

Max Bants
Max Bants 1 months

Welp. VW is going on my 'do not buy' list

Top in Business
Get the App