VW will buy 20% of Chinese battery maker Guoxuan, report says

(Bloomberg)

JZ

By:

Julie Zhu and Yilei Sun

|

R

By:

Reuters

January 17, 2020 09:29 AM

HONG KONG -- Volkswagen Group will take a 20 percent stake in Chinese electric-vehicle battery maker Guoxuan High-tech, two sources told Reuters, as the automaker accelerates its electric push into the world's largest auto market.

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