What is the relationship between JAC and Volkswagen?

Volkswagen and Jianghuai Automobile are in a cooperative relationship. The following is the relevant introduction: 1. Volkswagen and JAC Automobile signed a letter of deepening cooperation on electric vehicles. Volkswagen Group increased its capital and acquired 50% of the shares of Anhui JAC Automobile Group, the parent company of JAC Automobile, and increased its shareholding in JAC Volkswagen, established by two early joint ventures, to 75%; 2. JAC and Volkswagen will further cooperate on electrification platforms and electrical technology. JAC will also use the resources brought by the Volkswagen brand to achieve the goal of 30% new energy vehicles in 2025 as the "link" between the two Sihao It will undoubtedly be the main fulcrum of JAC's new energy market in the future, even in the field of fuel vehicles; 3. It is worth mentioning that in order to further deepen the cooperation between the two parties, Volkswagen will put into production at least 6-7 models in the JAC area, including electric vehicles and fuel vehicles. .