German Auto

Volkswagen AG is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), Reuters reported Wednesday citing people familiar with the matter.

Although Volkswagen is the overlord of traditional fuel vehicles, it is slightly behind in electric vehicles. However, the emergence of Volkswagen's new ID.3 is expected to change this situation.

In the field of new energy vehicles, in addition to electric vehicles, hydrogen fueled vehicles have also attracted much attention.

With the spread of the new coronavirus epidemic in overseas regions, Europe and North America have become more severe regions.

Porsche recently announced that Taycan electric vehicles will officially enter the Chinese market next month.

Now that social distance has become the new normal around the world, on Wednesday local time, German car manufacturer BMW chose to publish its annual financial report in the form of digital channels.

Daimler Group companies Mercedes-Benz and BMW are adding a series of plug-in hybrid vehicles to reduce carbon dioxide emissions, thereby meeting the stricter EU regulations this year.

Volkswagen said it is developing ID.1, an entry-level electric car with a target price of $22,000, according to UK’s CAR magazine

Earlier this month, BMW released a new brand LOGO which will be applied to the i4 concept car first. On the evening of March 16, BMW China announced on its official Weibo that the new logo will be fully used in brand communication.

Affected by the international environment, Saudi Arabia launched an oil price war, which drastically lowered crude oil prices, making international oil prices continue to fall.