The manufacturer of new energy equipment Wuxi Lead Intelligent Equipment Co., Ltd. (LEAD) announced on Tuesday that it has signed a cooperation agreement with German Volkswagen to provide solutions for its 20 GWh lithium battery equipment.
CARIAD, an automotive software company that is part of Volkswagen Group, announced on Thursday the establishment of a subsidiary in China, also publishing an official strategy for the country.
The cooperation between the two companies would likely involve a joint venture, funded and controlled by Volkswagen while Huawei provides technology and becomes a tier-one supplier of Volkswagen.
Today, 36Kr reported that Huawei plans to form a joint venture with Volkswagen Group to develop its autonomous driving technology. However, this rumor has been denied by Huawei.
Volkswagen Group (China) published an article to its official website on Thursday, announcing that the company's battery system factory in Hefei, Anhui Province, has officially started construction.
Huawei announced on Wednesday that it had reached a patent license agreement with a supplier of Volkswagen Group.
Volkswagen, the biggest foreign automaker in China, has downplayed the impact of a global chip supply shortage caused by the COVID-19 pandemic, refuting claims that its automotive production has been completely halted.
According to numbers reported by a research company LMC Automotive, Toyota was responsible for 7.8% of China’s new car sales during the first nine months of 2019, falling short of toppling Volkswagen as the market leader, but outpacing GM and the local automotive leader SAIC Motor.
Volkswagen, a German automaker, announced on May 14 that it is building two plants in China to produce a total of 600,000 vehicles running on MEB, its modular car platform for electric vehicles.
2019 Shanghai Auto Show kicked off today with various carmakers showcasing their latest technology, concept cars and new vehicles ready for launch.
Volkswagen Group has established a joint venture with a Chinese company once again (official announcement will be made as early as this week), but this time it chose the ride-hailing company, Didi Chuxing rather than traditional car companies.
On the evening of April 30, in response to the rumor of a new joint venture with Volkswagen, Didi Chuxing confirmed that it is in discussions with Volkswagen, Beijing Automotive Industry Holding Co. (BAIC Group), First Auto Works Group Corporation (FAW Group), Guangzhou Automobile Industry Group (GAC Group) and other automobile companies.