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.
On Friday, Reuters reported that Volkswagen was preparing to purchase a 20% stake in Guoxuan.