Workers at the Jianghuai Automobile Group’s plant in the Anhui provincial capital of Hefei in eastern China on November 10, 2010. Photo: AFP

Volkswagen is in final talks to pay US$491 million for an electric carmaker in Anhui, sealing its biggest acquisition in China

  • Volkswagen is poised to buy 50 per cent of Anhui Jianghuai Automobile Group for at least 3.5 billion yuan, according to people familiar with the matter
  • Jianghuai owns JAC Motors, Volkswagen’s electric vehicle partner
Topic |   Mergers & Acquisitions
Workers at the Jianghuai Automobile Group’s plant in the Anhui provincial capital of Hefei in eastern China on November 10, 2010. Photo: AFP
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