BEIJING (Reuters) – The previous get together secretary and chairman of Jianghuai Vehicle Group (JAC), An Jin, is underneath investigation for corruption, China’s anti-graft watchdog mentioned.
An retired from state-owned JAC in 2021 after 46 years, having served as chairman for 9 years.
The Central Fee for Self-discipline Inspection mentioned on its web site that An was suspected of “critical violations of self-discipline and regulation” however didn’t give any particulars of the case.
JAC didn’t instantly reply to a request for touch upon Tuesday.
JAC companions with each Volkswagen (ETR:) and Chinese language electrical automotive agency Nio (NYSE:).
In 2017, JAC arrange a 50-50 three way partnership with Volkswagen targeted on electrical automobiles and the German automaker secured a controlling stake within the enterprise three years later after Beijing relaxed international possession guidelines.
JAC is Nio’s manufacturing accomplice. In December，Nio mentioned it will take over some plant property from JAC.
Volkswagen and Nio didn’t instantly reply to requests for touch upon the investigation into An.
(This story has been refiled to make it clear that no particulars of the case got, in paragraph 3)
