News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
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...
Reset
Send
The window will close in 5 seconds
VW Plans to Sell Test Sites in Xinjiang & Shanghai, Extends Partnership with SAIC
Close
Recommend
5
Positive
9
Negative
5
 
SHORT SELL
 
STOCK INFO

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.

Related NewsJPM Lifts GEELY AUTO TP to $19, Cuts TPs of NIO/ ZHONGSHENG HLDG
VW is separately developing new vehicles with partners like XPENG-W (09868.HK)  0.000 (0.000%)    Short selling $373.86M; Ratio 16.225%   , and aims to launch 30 new electric or hybrid models by 2030.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-02-07 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.