{"id":15266,"date":"2020-05-26T15:31:25","date_gmt":"2020-05-26T13:31:25","guid":{"rendered":"https:\/\/www.china-certification.com\/en\/?p=6850"},"modified":"2023-02-09T11:48:45","modified_gmt":"2023-02-09T10:48:45","slug":"volkswagen-plans-investment-in-chinese-battery-manufacturer","status":"publish","type":"post","link":"https:\/\/www.china-certification.com\/en\/volkswagen-plans-investment-in-chinese-battery-manufacturer\/","title":{"rendered":"Volkswagen plans investment in Chinese battery manufacturer"},"content":{"rendered":"<p>The completion of the share purchase would be Volkswagen&#8217;s first direct investment in a Chinese manufacturer of vehicle batteries and is in line with the Group&#8217;s strategy of selling 1.5 million vehicles with alternative drive systems in China by 2025. VW, the leading foreign car manufacturer in China, plans to acquire the stake via a private share placement on the Shenzhen stock exchange. Based on Guoxuan&#8217;s market value of 2.8 billion US dollars, a 20 percent stake is worth approximately 560 million US dollars. The details of the investment have been finalized over the past two weeks and the companies are now awaiting approval from the Chinese regulatory authorities. After a successful share purchase, Volkswagen would be the second largest shareholder after the 25 percent of Zhuhai Guoxuan Trading Ltd, a company owned by the founder Li Zhen.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6851 size-full\" title=\"batteries\" src=\"https:\/\/china-certification.com\/wp-content\/uploads\/sites\/2\/2020\/05\/stock-image-189822654-s-2015.jpg\" alt=\"batteries\" width=\"500\" height=\"334\" \/><br \/>\nGuoxuan is one of several medium-sized companies of Chinese battery manufacturers after the market leaders CATL and BYD. It is based in the eastern Chinese city of Hefei, where Volkswagen already produces electric vehicles with its joint venture partner JAC Motor. According to unconfirmed sources, Volkswagen has been looking for a battery manufacturer as a partner for some time to gain more control over its supply chain. Volkswagen&#8217;s long-term plan to build around 26 million electric vehicles by 2029 will require more than the current global production of vehicle batteries.<\/p>\n<p>To meet its sales targets for alternative and new drive (NEV) vehicles, consisting of plug-in hybrids and electric vehicles, Volkswagen and its partner SAIC Motor recently built a new 2.5 billion US dollar plant. The new plant will produce 300,000 vehicles a year. Furthermore, the capacity of a production facility in Foshan in south-east China has been expanded, where VW and the FAW Group manufacture electric vehicles. In addition to its stake in Guoxan, Volkswagen has appointed CATL as a strategically important supplier, and Volkswagen Supervisory Board member Stefan Sommer told Reuters last July that his company would also set up its own factories for the production of batteries in China if necessary. Does your company want to export its products to China? Then in many cases they will need certification in accordance with the <a href=\"https:\/\/china-certification.com\/en\/what-is-ccc\"><strong>CCC (China Compulsory Certificate)<\/strong><\/a> guidelines. We would be pleased to advise you and carry out the <strong><a href=\"https:\/\/china-certification.com\/en\/what-is-ccc\">CCC certification<\/a><\/strong> for your company.<\/p>\n<p>For more information on how\u00a0<a href=\"https:\/\/china-certification.com\/en\/what-is-ccc\"><strong>CCC certification<\/strong><\/a>, the\u00a0<a href=\"https:\/\/china-certification.com\/en\/what-is-ccc\/ccc-self-declaration\/\"><strong>CCC Self-Declaration<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/china-certification.com\/en\/ccap-mark-certification\/\"><strong>voluntary CCAP or CQC certification<\/strong><\/a>\u00a0may affect your company, or for more information about\u00a0CCC-certification\u00a0in general, the\u00a0<a href=\"https:\/\/china-certification.com\/en\/certification-process\"><strong>process<\/strong><\/a>, and the associated\u00a0<a href=\"https:\/\/china-certification.com\/en\/costs-of-ccc-certification\"><strong>costs<\/strong><\/a>, please visit our\u00a0<a href=\"http:\/\/china-certification.com\/en\/\"><strong>website<\/strong><\/a>\u00a0and our\u00a0<a href=\"https:\/\/china-certification.com\/en\/news\"><strong>News Section<\/strong><\/a>\u00a0where you will find current updates twice a week.<\/p>\n<p>Please do not hesitate to contact us for further details and consultation. You can contact us via\u00a0<a href=\"mailto:info@china-certification.com\"><strong>e-mail<\/strong><\/a>, or call us (UK:\u00a0<strong>+44 2071931135<\/strong>, Rest of Europe:\u00a0<strong>+49 69 2713769150<\/strong>, US:\u00a0<strong>+1 773 654-2673<\/strong>).<\/p>\n<p>You can also check out our free CCC-Brochure, which can be downloaded right\u00a0<a href=\"https:\/\/china-certification.com\/en\/ccc-booklet\"><strong>here<\/strong><\/a>\u00a0as a PDF file or you consult our book (in English) \u201cA Brief Guide to CCC: China Compulsory Certification\u201d, which can be found directly\u00a0<a href=\"http:\/\/www.amazon.de\/Brief-Guide-CCC-Compulsory-Certification\/dp\/1484115538\/\" target=\"_blank&quot;\" rel=\"noopener\"><strong>hier<\/strong><\/a>\u00a0on Amazon.<\/p>\n<p><a href=\"https:\/\/china-certification.com\/en\/ccc-self-declaration-booklet\/\"><strong>Here<\/strong>\u00a0<\/a>you can download our brochure about the\u00a0<a href=\"https:\/\/china-certification.com\/en\/ccc-self-declaration-booklet\/\"><strong>CCC Self-Declaration<\/strong><\/a>.<\/p>\n<p><a href=\"https:\/\/china-certification.com\/en\/voluntary-ccap-cqc-certification-booklet\/\"><strong>Here<\/strong><\/a>\u00a0you can download our brochure about the\u00a0<strong><a href=\"https:\/\/china-certification.com\/en\/voluntary-ccap-cqc-certification-booklet\/\">voluntary CCAP or CQC certification<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The completion of the share purchase would be Volkswagen&#8217;s first direct investment in a Chinese manufacturer of vehicle batteries and is in line with the Group&#8217;s strategy of selling 1.5 million vehicles with alternative drive systems in China by 2025. VW, the leading foreign car manufacturer in China, plans to acquire the stake via a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6851,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[106],"tags":[],"class_list":["post-15266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-further-topics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Volkswagen plans investment in Chinese battery manufacturer - MPR China Certification GmbH<\/title>\n<meta name=\"description\" content=\"Volkswagen AG plans to acquire a 20% stake in the Chinese automotive battery manufacturer Guoxan High-tech to gain more control over the supply chain for its electric vehicles\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.china-certification.com\/en\/volkswagen-plans-investment-in-chinese-battery-manufacturer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Volkswagen plans investment in Chinese battery manufacturer - 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