In mid-February this year, it was reported that Volkswagen intends to further deepen cooperation with Chinese automakers, and it is likely to be the third joint venture car manufacturer. This news is now further confirmed during the two sessions.
Bloomberg reported that Jiang Jinhua’s chairman, An Jin, said during the two sessions that he is actively negotiating with Volkswagen and is expected to reach a cooperative relationship with the latter. “We are in good contact with Volkswagen on the basis of mutual respect. All leading multinational auto companies are examples that we can learn from. If there is an opportunity, JAC is open and active in cooperation with these auto companies in capital cooperation. Attitude." An Jin said in an interview with the media.
Bloomberg analysts believe that Jianghuai is currently one of the few mainstream Chinese automakers that have not yet established a joint venture with a foreign partner. The company has confirmed that it is negotiating with Volkswagen Group to try to acquire more advanced technologies. It is worth mentioning that the public spokesman Christoph Ludewig has also confirmed that it is negotiating with Jianghuai Automobile, and it is expected to reach cooperation in the future.
However, although it seems that the marriage between the public and Jianghuai is a sympathy, there are still many variables in whether the two can be successfully combined.
Under the current regulations of China, the same type of automobile joint ventures (such as passenger car joint ventures) established by the same foreign-owned car companies can only reach two at most. Volkswagen already owns a joint venture subsidiary of SAIC Volkswagen and FAW-Volkswagen in China.
However, industry analysts believe that if Jianghuai and Volkswagen only cooperate on the technical level or form a commercial vehicle joint venture, they will not encounter the threshold of “no more than two joint venturesâ€; however, the current disclosure of the wind basically finalizes the joint venture intention. Belonging to the category of passenger car joint ventures, it will break the original number of barriers.
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