SVW was jointly invested by China and Germany. The joint venture contract was signed on October 10th, 1984 with a validity term of 25 years. The total investment was RMB387 million yuan (500 million Deutsche Mark), and China and Germany accounted for 50% of the share respectively. The first complementary agreement was signed in October 1991, increasing the registered capital to RMB940 million yuan. In October 1991, the second complementary agreement was signed, increasing total investment by RMB2.5 billion Yuan and the registered capital by RMB850 million Yuan. In March 1995, the third complementary agreement was signed, increasing total investment by RMB1.1 billion Yuan and expanding the registered capital to RMB2.3 billion Yuan. In July 1997, the fourth complementary agreement was signed, increasing total investment by RMB2 billion yuan and expanding the registered capital to RMB4.6 billion yuan.
On April 12th, 2002 China and Germany held the signing ceremony of the agreement on 20-year extension of the joint venture contract for Shanghai Volkswagen Automotive Company Ltd. in Wolfsburg, Germany.
Main Info. 1985-2002
Balance Sheet (Million)
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