China's JAC Motors takes on the world with Volkswagen tie ...

BEIJING -- China's state-owned Anhui Jianghuai Automobile, better known as JAC Motors, looks to drive greater growth by graduating from its home market to the world stage with help from electric vehicles and Volkswagen.

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Chinese authorities approved plans in May for a joint venture with Volkswagen focusing on new-energy vehicles, paving the way for the pair to create a new global brand, said Wang Dongsheng, JAC deputy party secretary. 

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