Partnerships galore for new energy vehicles

Foreign brands form JVs with domestic auto companies to exploit opportunities

Volkswagen AG, which inked a deal with SAIC Motor in 1984 to build one of China's very first joint ventures for cars, repeated history in 2017.

The German automobile company, which now sells around 4 million cars a year in China, joined hands in June 2017 with Anhui Jianghuai Automobile Co to develop and produce electric cars, with the first model expected to roll off the assembly line this year.