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VW Group and SAIC extend JV agreement period to 2040
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SAIC, VW extend joint venture to 2040
China's SAIC Motor and German car group Volkswagen AG have extended their joint venture by 10 years, prolonging their collaboration at SAIC Volkswagen until 2040. This agreement, which was signed on Tuesday, marks the second renewal of the partnership, highlighting the success of Sino-German cooperation in the automotive sector.
SAIC, Volkswagen Extend China JV Tie-Up to 2040
Based in Anting in Shanghai's Jiading district, SAIC Volkswagen has production bases in Nanjing, Yizheng, Urumqi, Ningbo, Changsha, and other cities. In 2015, it surpassed FAW-Volkswagen Automotive, the joint venture of FAW Group and Volkswagen, to become the top-selling passenger car company in China.
Volkswagen to Exit China’s Xinjiang Region After 12 Years
The automaker has long been criticized by human rights activists for doing business in the territory, where China has repressed Muslim ethnic groups.
SAIC, Volkswagen extend joint venture agreement to 2040: companies told GT
On the occasion of SAIC Volkswagen's 40th anniversary, SAIC Motor and the Volkswagen Group signed an extended joint venture (JV) agreement in Shanghai, further strengthening their long-term partnership and prolonging the joint venture period of SAIC Volkswagen until 2040,
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
Volkswagen and SAIC Motor say they have agreed to extend their 40-year-old automaking joint venture in China until 2040
5d
on MSN
SAIC upgraded at Wells Fargo after DOGE sell-off
Science Applications International Corporation (NASDAQ:SAIC) on Tuesday was upgraded to Overweight from a previous investment ...
4d
on MSN
VW And SAIC Extend Deal To 2040, Plan New Hybrids And Range-Extender EVs, End Controversial Xinjiang Plant
Volkswagen and China’s SAIC have signed a deal extending their partnership to 2040. The pair announced their recommitment to ...
4d
SAIC Volkswagen agrees to sell controversial Xinjiang, China, auto plant
Germany's Volkswagen Group and its Chinese partner have sold a factory in the Xinjiang region of China, where accusations of ...
Digi Times
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2025 EV price war looms as SAIC joins supply chain cost-cutting push
On November 26, BYD announced a directive requiring its suppliers to implement a 10% cost reduction starting January 1, 2025.
electrive
4d
VW and SAIC extend partnership and electric portfolio
To mark the 40th anniversary of their joint venture agreement, Volkswagen and SAIC have extended their cooperation until 2040 ...
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Volkswagen, SAIC sell stakes in Xinjiang plant
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Zacks.com on MSN
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Earnings Preview: SAIC (SAIC) Q3 Earnings Expected to Decline
SAIC (SAIC) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2024. This widely-known consensus outlook gives a good ...
3d
on MSN
China’s carmakers don’t see the country’s fierce price war ending anytime soon as they press suppliers for discounts
Both BYD and SAIC Motor reportedly asked suppliers for 10% discounts amid fierce competition in China's oversaturated EV ...
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