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Volkswagen to bring SEAT brand back to China in 2020/21

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Volkswagen said its Spanish brand SEAT would return to the Chinese market in 2020/21 as part of an agreement with China's Anhui Jianghuai Automobile Group (JAC) to develop electric vehicles.It signed an agreement on the matter with JAC as Chinese Prime Minister Li Keqiang and German Chancellor Angela Merkel met in Berlin on Monday.VW and JAC received approval last year from Chinese regulators to form a joint venture to make electric vehicles.VW, SEAT and JAC will now jointly set up a new research and development centre in China to develop electric cars as well as ...

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First Published: Mon, July 09 2018. 22:13 IST