Volkswagen AG said it’s assessing the feasibility of an electric car joint venture with China’s Anhui Jianghuai Automobile Co., potentially adding a third partner in its largest market and advancing efforts to meet stricter fuel economy and emissions standards.
Jianghuai and Volkswagen are evaluating a potential venture in which each owns 50 percent, according to a statement Wednesday to the Shanghai Stock Exchange. The two companies signed a memorandum of understanding a day earlier in Wolfsburg, Germany, where Volkswagen is based, and aim to sign a formal agreement within five months.