Car maker SEAT has signed a Memorandum of Understanding (MoU) with Volkswagen Group China and Anhui Jianghuai Automobile Group Corp., Ltd (JAC).
Under the agreement, all parties will leverage their technology and product strengths to develop a battery electric vehicle platform for production at JAC Volkswagen.
The agreement was signed by the chairman of the Board of Management of Volkswagen AG Dr. Herbert Diess, JAC president An Jin and SEAT president Luca de Meo, in the presence of Chinese president Xi Jingping and Spanish prime minister Pedro Sánchez, at a ceremony held at the Palace of Moncloa in Madrid, the official residence and workplace of the Spanish Prime Minister.
JAC Volkswagen will introduce the SEAT brand by 2021, and jointly electrify SEAT products. The construction of the JAC Volkswagen R&D centre will start before the end of 2018 and will focus on key areas such as connectivity, autonomous driving and other future strategic directions. The signing provides new impetus in the growing partnership between Volkswagen Group China, SEAT and JAC, working together in the important e-mobility market in China.