Guoxuan says in talks with Volkswagen, hasn't reached binding agreement

Reuters

Published Jan 19, 2020 07:59PM ET

Guoxuan says in talks with Volkswagen, hasn't reached binding agreement

SHANGHAI (Reuters) - Guoxuan High-Tech Co Ltd (SZ:002074) is in talks with Volkswagen AG (DE:VOWG_p) for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday.

Guoxuan added it has not reached a legally binding agreement with the German automaker regarding the terms and conditions of its cooperation.