Typical: Volkswagen is rolling out automated safety features as standard on higher-priced versions of models to US consumers first. Photo: Reuters
HONG KONG: Volkswagen AG (VW) is exploring purchasing a big stake in its Chinese electric vehicle joint-venture (JV) partner Anhui Jianghuai Automobile Group (JAC Motors) and has tapped Goldman Sachs as an adviser on the plan, sources said.
The move by VW, the largest foreign automaker in China, to buy into JAC Motors is the latest step by foreign automakers to increase their stakes in their Chinese joint-venture partners or in the ventures themselves since Beijing relaxed ownership rules last year in the world’s biggest car market.
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