BERLIN (Reuters) – Volkswagen and its Chinese partners have discussed the possibility of them investing in plants in Germany, VW Chief Executive Oliver Blume told Reuters at a conference on Tuesday, after Reuters reported that Chinese investors were interested in buying up German factories.
Asked whether he would consider selling a German factory to a Chinese investor, Blume, speaking at a conference in Berlin organised by German publication Welt, said: “It is always positive when companies invest in Europe … we have close partnerships in China and of course, there have been conversations, but no concrete decisions.”
Volkswagen has three joint venture partners in China – SAIC, FAW and JAC – and owns a stake in Chinese EV startup Xpeng, none of whom currently have production capacity in Europe.
(Reporting by Klaus Lauer, Writing by Victoria Waldersee, Editing by Miranda Murray)
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