{"id":15289,"date":"2020-11-26T10:51:44","date_gmt":"2020-11-26T09:51:44","guid":{"rendered":"https:\/\/www.china-certification.com\/en\/?p=7109"},"modified":"2023-02-09T11:48:37","modified_gmt":"2023-02-09T10:48:37","slug":"volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles","status":"publish","type":"post","link":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/","title":{"rendered":"Volkswagen invests 2.1 billion euros in China business with electric vehicles"},"content":{"rendered":"<p>The German car giant Volkswagen intends to invest around 2.1 billion euros in its China business with electric vehicles. The company describes this step as the next chapter for its business activities in China. The sum is divided into 1 billion euros to increase the shareholding in JAC Volkswagen, the VW joint venture in China for electric vehicles, and a further 1.1 billion euros for a stake in the US-based battery company Gotion.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6345 aligncenter\" src=\"https:\/\/china-certification.com\/wp-content\/uploads\/2020\/11\/stock-image-53283509-s-2015.jpg\" alt=\"\" width=\"500\" height=\"333\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The \u20ac1 billion investment in the Chinese joint venture JAC Volkswagen includes a 50 percent stake in JAG, the parent company of JAC Automobile Group. As a result, Volkswagen&#8217;s stake in JAC Volkswagen will increase from 50 to 75 percent. By increasing its shareholding, Volkswagen also gains control and management of the company. There are plans to develop further electric vehicles and the corresponding infrastructure for the Chinese market. This should help Volkswagen&#8217;s business in China to break even and achieve sales of 1.5 million electric vehicles in 2025. Volkswagen JAC Volkswagen was founded in 2017 and develops, produces and sells exclusively electric vehicles or New Energy Vehicles (NEVs), as these vehicles are often called in China.<\/p>\n<p>The other \u20ac1.1 billion will make Volkswagen the largest shareholder in Gotion, an American subsidiary of Gouxuan High-Tech, with a 26 percent stake. The investment is intended to ensure the supply of batteries for the production of electric vehicles in China. Dr. Stephan W\u00f6llenstein, Chairman of the Board of Management of Volkswagen Group China, said the project will make the company a local and sustainable car manufacturer and will create new business opportunities in the field of electric vehicles in China. Volkswagen is the first international automaker to invest directly in a Chinese battery manufacturer. The transaction will be completed by the end of this year if the regulatory authorities approve the transaction.<\/p>\n<p>Electric vehicles and components must be CCC certified in order to be exported to China or manufactured locally. The <strong><a href=\"https:\/\/china-certification.com\/en\/what-is-ccc\">CCC certificate<\/a><\/strong> was introduced in 2002 and is comparable to the European CE marking. If you need <strong><a href=\"https:\/\/china-certification.com\/en\/what-is-ccc\">CCC certification<\/a><\/strong> in the automotive sector, China Certification is an excellent partner for you. We have been advising leading automotive suppliers and vehicle manufacturers on their CCC certifications for years.<\/p>\n<p>For more information on how\u00a0CCC certification, 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>).<br \/>\nPlease don&#8217;t hesitate to also use our chat-window in the bottom right corner if you have any questions. (Please check your browser settings if you can&#8217;t see the window)<\/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\/\"><strong>here<\/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<a href=\"https:\/\/china-certification.com\/en\/voluntary-ccap-cqc-certification-booklet\/\"><strong>voluntary CCAP or CQC certification<\/strong><\/a><strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German car giant Volkswagen intends to invest around 2.1 billion euros in its China business with electric vehicles. The company describes this step as the next chapter for its business activities in China. The sum is divided into 1 billion euros to increase the shareholding in JAC Volkswagen, the VW joint venture in China [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6345,"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-15289","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 invests 2.1 billion euros in China business with electric vehicles<\/title>\n<meta name=\"description\" content=\"CEO W\u00f6llenstein speaks of groundbreaking decision. Read more in the article.\" \/>\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-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Volkswagen invests 2.1 billion euros in China business with electric vehicles\" \/>\n<meta property=\"og:description\" content=\"CEO W\u00f6llenstein speaks of groundbreaking decision. Read more in the article.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/\" \/>\n<meta property=\"og:site_name\" content=\"MPR China Certification GmbH\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-26T09:51:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-09T10:48:37+00:00\" \/>\n<meta name=\"author\" content=\"Julian Busch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Julian Busch\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/\"},\"author\":{\"name\":\"Julian Busch\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#\\\/schema\\\/person\\\/4f5cd923141741b7fe96721b17c464bf\"},\"headline\":\"Volkswagen invests 2.1 billion euros in China business with electric vehicles\",\"datePublished\":\"2020-11-26T09:51:44+00:00\",\"dateModified\":\"2023-02-09T10:48:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/\"},\"wordCount\":545,\"image\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Further Topics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/\",\"url\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/\",\"name\":\"Volkswagen invests 2.1 billion euros in China business with electric vehicles\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2020-11-26T09:51:44+00:00\",\"dateModified\":\"2023-02-09T10:48:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#\\\/schema\\\/person\\\/4f5cd923141741b7fe96721b17c464bf\"},\"description\":\"CEO W\u00f6llenstein speaks of groundbreaking decision. Read more in the article.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Volkswagen invests 2.1 billion euros in China business with electric vehicles\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#website\",\"url\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/\",\"name\":\"MPR China Certification GmbH\",\"description\":\"Consulting and Implementation of Certification Projects for China, Korea and India.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.china-certification.com\\\/fr\\\/#\\\/schema\\\/person\\\/4f5cd923141741b7fe96721b17c464bf\",\"name\":\"Julian Busch\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6fee0d05478aa57d981a6df656f31db4d333de96110871cea6b777cef378a3a2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6fee0d05478aa57d981a6df656f31db4d333de96110871cea6b777cef378a3a2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6fee0d05478aa57d981a6df656f31db4d333de96110871cea6b777cef378a3a2?s=96&d=mm&r=g\",\"caption\":\"Julian Busch\"},\"description\":\"About the author: Louis Gogger is Managing Director of MPR China Certification GmbH Publisher: MPR China Certification GmbH Tel.: +49 69 271 37 69 150 E-Mail: info@china-certification.com Web: www.china-certification.com\",\"url\":\"https:\\\/\\\/www.china-certification.com\\\/en\\\/author\\\/julian-busch\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Volkswagen invests 2.1 billion euros in China business with electric vehicles","description":"CEO W\u00f6llenstein speaks of groundbreaking decision. Read more in the article.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/","og_locale":"en_US","og_type":"article","og_title":"Volkswagen invests 2.1 billion euros in China business with electric vehicles","og_description":"CEO W\u00f6llenstein speaks of groundbreaking decision. Read more in the article.","og_url":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/","og_site_name":"MPR China Certification GmbH","article_published_time":"2020-11-26T09:51:44+00:00","article_modified_time":"2023-02-09T10:48:37+00:00","author":"Julian Busch","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Julian Busch","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/#article","isPartOf":{"@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/"},"author":{"name":"Julian Busch","@id":"https:\/\/www.china-certification.com\/fr\/#\/schema\/person\/4f5cd923141741b7fe96721b17c464bf"},"headline":"Volkswagen invests 2.1 billion euros in China business with electric vehicles","datePublished":"2020-11-26T09:51:44+00:00","dateModified":"2023-02-09T10:48:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/"},"wordCount":545,"image":{"@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/#primaryimage"},"thumbnailUrl":"","articleSection":["Further Topics"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/","url":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/","name":"Volkswagen invests 2.1 billion euros in China business with electric vehicles","isPartOf":{"@id":"https:\/\/www.china-certification.com\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/#primaryimage"},"image":{"@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/#primaryimage"},"thumbnailUrl":"","datePublished":"2020-11-26T09:51:44+00:00","dateModified":"2023-02-09T10:48:37+00:00","author":{"@id":"https:\/\/www.china-certification.com\/fr\/#\/schema\/person\/4f5cd923141741b7fe96721b17c464bf"},"description":"CEO W\u00f6llenstein speaks of groundbreaking decision. Read more in the article.","breadcrumb":{"@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.china-certification.com\/en\/volkswagen-invests-2-1-billion-euros-in-china-business-with-electric-vehicles\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.china-certification.com\/en\/"},{"@type":"ListItem","position":2,"name":"Volkswagen invests 2.1 billion euros in China business with electric vehicles"}]},{"@type":"WebSite","@id":"https:\/\/www.china-certification.com\/fr\/#website","url":"https:\/\/www.china-certification.com\/fr\/","name":"MPR China Certification GmbH","description":"Consulting and Implementation of Certification Projects for China, Korea and India.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.china-certification.com\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.china-certification.com\/fr\/#\/schema\/person\/4f5cd923141741b7fe96721b17c464bf","name":"Julian Busch","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6fee0d05478aa57d981a6df656f31db4d333de96110871cea6b777cef378a3a2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6fee0d05478aa57d981a6df656f31db4d333de96110871cea6b777cef378a3a2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6fee0d05478aa57d981a6df656f31db4d333de96110871cea6b777cef378a3a2?s=96&d=mm&r=g","caption":"Julian Busch"},"description":"About the author: Louis Gogger is Managing Director of MPR China Certification GmbH Publisher: MPR China Certification GmbH Tel.: +49 69 271 37 69 150 E-Mail: info@china-certification.com Web: www.china-certification.com","url":"https:\/\/www.china-certification.com\/en\/author\/julian-busch\/"}]}},"_links":{"self":[{"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/posts\/15289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/comments?post=15289"}],"version-history":[{"count":1,"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/posts\/15289\/revisions"}],"predecessor-version":[{"id":19299,"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/posts\/15289\/revisions\/19299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.china-certification.com\/en\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/media?parent=15289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/categories?post=15289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.china-certification.com\/en\/wp-json\/wp\/v2\/tags?post=15289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}