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Volkswagen is in final talks to pay US$491 million for an electric carmaker in Anhui, sealing its biggest acquisition in China

Summary:
[unable to retrieve full-text content]Volkswagen is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German carmaker accelerates its push into the world’s largest market for environmentally friendlier cars.The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan (US1 million), the people said on condition of anonymity as the matter was private.It is also set to become…

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[unable to retrieve full-text content]
Volkswagen is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German carmaker accelerates its push into the world’s largest market for environmentally friendlier cars.The firm is poised to buy 50 per cent of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan (US$491 million), the people said on condition of anonymity as the matter was private.It is also set to become…
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