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Volkswagen China says will form ventures with Huayou Cobalt, Tsingshan Group

The three companies signed memorandum of understandings for strategic partnerships, it said in a statement.

March 21, 2022 / 11:30 AM IST
Representative image (Reuters)

Representative image (Reuters)

Volkswagen Group China said on Monday it intends to form joint ventures with Huayou Cobalt and Tsingshan Group to further strengthen its position in the battery supply chain and its competitiveness in China's e-mobility industry.

The three companies signed memorandum of understandings for strategic partnerships, it said in a statement.
Reuters
first published: Mar 21, 2022 11:30 am