Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026

JAC anticipates a 2024 net loss of 1.8 billion yuan, influenced by its Volkswagen joint venture, reversing a 2023 profit.
BEIJING (Reuters) - Anhui Jianghuai Automobile Group (JAC) expects last year's results to show a loss, it said on Friday, citing the performance of its joint venture with Volkswagen.
The Chinese automaker's stock market filing said it would swing to a net loss of 1.8 billion yuan ($248.58 million) from a 1.5 billion yuan profit in 2023.
($1 = 7.2410 Chinese yuan renminbi)
(Reporting by Qiaoyi Li and Brenda Goh; Editing by David Goodman)
The article discusses JAC's expected net loss for 2024 due to its joint venture with Volkswagen.
JAC is expecting a net loss of 1.8 billion yuan in 2024.
In 2023, JAC reported a profit of 1.5 billion yuan.
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