Tuesday, 27 September 2011

VW-SAIC Joint venture to start producing Electric Cars

VW and SAIC is flying high in China. The equi-weighted partnership between the two companies has decided to start producing electric cars.

The vehicle will be sold under the partnership's new Tantus brand rather than the Volkswagen brand, according to China's Ministry of Industry and Information Technology.

Additional details about the EV are not available.

In May, the ministry also disclosed that Volkswagen's other Chinese joint venture, FAW-Volkswagen Automobile Co., will produce an electric vehicle for the partnership's newly created Kaili brand.

FAW-Volkswagen, located in the northeast China city of Changchun, is a 60:40 joint venture between China FAW Group Corp. and Volkswagen.


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