JAC Motor says China approves electric vehicles venture with VW

May 22, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

BEIJING (Reuters) – Anhui Jianghuai Automobile Group (JAC Motor) said on Monday it has received approval from Chinese regulators to form a joint venture with German automaker Volkswagen AG to make electric vehicles, according to a stock exchange filing.