VW to buy 20% of Chinese battery maker Guoxuan, report says
The deal would be VW’s first direct ownership in a Chinese battery maker and comes as the automaker strives to meet a goal of selling 1.5 million new energy vehicles a year in China by 2025, Reuters reported.
source https://www.autonews.com/automakers-suppliers/vw-buy-20-chinese-battery-maker-guoxuan-report-says