Volkswagen and China’s SAIC have signed a deal extending their partnership to 2040. The pair announced their recommitment to the joint venture 40 years after teaming up. SAIC Volkswagen plans to introduce 18 EVs and PHEVs to the Chinese market by 2030.

VW sells assets to address political risks and cut excess capacity, while extending its partnership with to regain market share in China Volkswagen's (VW) sale of a controversial plant in China will come as a relief to the German carmaker,

German carmaker Volkswagen is withdrawing from its controversial involvement in a factory in China's Xinjiang province, which has attracted criticism over alleged human-rights abuses of the Uighur minority.