Empowered by Anhui Cummins Power, JAC Light Duty Truck Semiannual Sales Exceeds 100 Thousands units with 6% YoY Growth Rate. Against the backdrop that the Chinese economy returns to normal track and the anti COVID-19 battle achieves staged victory, JAC light duty truck leads the revival of Chinese light duty truck industry with its outstanding market performance. For the first half year, JAC LDT(Light-duty Truck) sales growth is better than overall industry performance for five consecutive months with 103 thousands units sold and a 6% YoY growth rate, especially during the past June, JAC has sold 2,3000 units with the increase of 103%, leading the LDT industry in China. The Chinese government is determined to eradicate the overloading and over-limit problems and upgrade the logistic industry. Cold chain, express delivery, live stock and fresh produces, home-moving industries become more and more professional and puncture oriented. Following the industry trend, JAC LDT introduces high-end NationalVIemission product portfolio with Cummins engine on-board for greater customer value and better using experience.

JAC lithium battery forklifts have been recognized by the industry again. On July 1st, 14 lithium battery models entered the logistics enterprise in batches. With the introduction of the national environmental protection policy and the continuous improvement of electric forklift technology, the "From oil-to-electricity" forklift has been accepted by more and more enterprises due to its environmental protection and economic advantages. With this cooperation, JAC lithium battery forklifts are the first choice of customers for their outstanding performance and unique design. JAC lithium battery forklifts come standard with cell modules from CATL, quality assurance, CAN communication system, hierarchical fault handling, safe and efficient, integrated bridge box structure design, high transmission efficiency, low noise, unique battery sleep function, and effective it plays a role of energy saving protection and meets the high load demand of customers. This delivery is only a new starting point for the cooperation between the two parties. JAC will use this as a driving force to continuously innovate products to meet market needs and provide customers with more considerate services. Here, JAC solemnly promise: adhere to the business philosophy of respecting customers, carry forward the tradition of five-star service, fulfill professional and honest service promises, listen to customer demands, defend customer value, and serve loyally, and never waver.

On May 10th, with the release of the Mother's Day warm-hearted blockbuster "I See I Understand You Better" that told the story of the growth of the sprint champion, the high energy pure electric coupe JAC iC5 was officially launched. As the earliest new energy vehicle brand in China to start the industrialization of pure electric vehicles, JAC New Energy's original intention was to develop "a car that understands you better". However, it is not easy to really understand you. Just like the story told in the movie, JAC iC5 has undergone countless polishing and countless optimizations on the road to becoming a "high energy pure electric coupe that understands you better", and it is officially shown to everyone today. The large space hatchback coupe, 530km comprehensive battery life, 7.6 seconds speeding up to 100 km/h, cellular battery, silent motor, heat pump air conditioner...AC iC5 became attractive as soon as it appeared. If the new models launched by JAC New Energy in the past 14 years have made progress in certain areas, the iC5 launched today is a true evolution of the JAC iEV platform.

Volkswagen plans to acquire 50% of JAG, parent company of Volkswagen’s joint venture partner JAC, and transform JAC Volkswagen by raising Volkswagen share to 75%. Investment amount of around 1 billion Euro. 、 Volkswagen supports Anhui province to advance to hub for electro-mobility Beijing, May 29th, 2020. Today, Volkswagen has initiated an unprecedented chapter for its business and electrification strategy in China. Volkswagen plans to transform JAC Volkswagen, its joint venture for e-mobility, by strengthening its influence to the tune of around 1 billion Euro. Included in this amount is the acquisition of 50% of JAG, the parent company of Volkswagen’s partner JAC, and an increase of shares within JAC Volkswagen from 50% to 75%, thereby gaining management control. History granted Volkswagen the opportunity to take the pioneering role in China’s auto industry. The intensified cooperation today exemplifies the further opening up of the country and Volkswagen’s further commitment, as a reliable partner, to the nation. Dr. Stephan W?llenstein, CEO of Volkswagen Group China, said: “It feels great to witness these historic moments in our respectful and trusted Sino-German relations, as Volkswagen is taking a strategic role in JAG. The investment shapes the character of Volkswagen in China, making it a more localized, more sustainability-focused mobility company. By opening up the market, China is giving Volkswagen new business opportunities.” Transformation of JAC Volkswagen through increased business control By strengthening its position and advancing the JAC Volkswagen business, Volkswagen takes the next step in its Chinese electrification strategy. Letters of intent were co-signed by Volkswagen (China) Investment Co. Ltd. and the Anhui government, which foresee Volkswagen gaining 50% stake of JAG, the parent company of JAC, as well as raising Volkswagen’s stake from 50% to 75% within JAC Volkswagen. For the first time in automotive industry, a global OEM joins course of State-owned enterprise reform through its strategic investment into JAG, thus fostering its partnership with the country. The parties intend to close the deal amounting to €1 billion by the end of the year, subject to customary regulatory approvals. Founded in 2017, JAC Volkswagen’s business is purely focused on the development, production and sales of all-electric cars. The new investment will intensify the already ongoing electrification strategy. A portfolio expansion of up to 5 additional BEV models until 2025 is planned, as well as building full-scale e-model factory and finishing the R&D center in Hefei. Transactions pave the way to China’s and Volkswagen’s sustainability goals. Together with the Chinese Government, Volkswagen Group China has been dedicated to achieving these new milestones, which as well as standing the Group in good stead for future developments, will at the same time support Anhui Province in becoming a new hub in China for electro-mobility. The produc...