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VW Plans to Sell Test Sites in Xinjiang & Shanghai, Extends Partnership with SAIC
Volkswagen and its Chinese partner agreed to sell their test sites in Turpan, Xinjiang and Anting, Shanghai to Shanghai Motor Vehicle Inspection Certification (SMVIC), a subsidiary...
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Volkswagen and its Chinese partner agreed to sell their test sites in Turpan, Xinjiang and Anting, Shanghai to Shanghai Motor Vehicle Inspection Certification (SMVIC), a subsidiary of Shanghai Lingang Development Group, Reuters reported. Upon completion of the sale, Volkswagen will no longer have a presence in Xinjiang.

In addition, VW will extend its partnership with SAIC Group for another 10 years to 2040, with SAIC VOLKSWAGEN aiming to release 18 new vehicles by 2030, including two extended-range models by 2026.

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(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-03-14 16:25.)

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