[TechWeb] August 25, according to foreign media reports, people familiar with the situation said Volkswagen is exploring investing in Chinese automotive parts suppliers to better compete in the Chinese market.
Foreign media said the options under discussion include acquiring equity or forming joint ventures with Chinese suppliers, which have been studying several potential targets, including battery manufacturer Guoxuan Gaoke.
People familiar with the matter said to the media that the public had not yet made a final decision and could not be sure that a deal would be finalized.
The public did not confirm the foreign media reports, but said in a statement that it was discussing possible cooperation with a number of local suppliers.
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