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Freshfields advises on China’s largest-ever electric vehicle deal

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Volkswagen in relation to its major investments in Anhui Jianghuai Automobile Group (‘JAC Motors’). The transaction is the biggest M&A deal in China’s electric vehicle sector to date. It is also an important project under China's ‘mixed ownership’ reform of state-owned enterprises. Under the terms of the deal, Volkswagen will take a 50 per cent stake in JAC Motors and increase its holding in the existing JAC-Volkswagen joint venture from 50 to 75 per cent for around €1bn. 
The Freshfields team advising on the transaction was led by partners Yuxin Shen and Alan Wang. Partner Ninette Dodoo provided antitrust advice.
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Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms.  Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.