Volkswagen sold the plant in the city of Urumqi, which was jointly operated with the Chinese state-owned company SAIC Motor Corporation as a partner, the Volkswagen Group announced on Wednesday.

FILE - The company logo adorns the tailgate of an unsold 2021 Tiguan sports-utility vehicle at a Volkswagen dealership, on March 21, 2021, in Lakewood, Colo. (AP Photo/David Zalubowski, File) ...

In addition, VW will extend its partnership with SAIC Group for another 10 years to 2040, with SAIC VOLKSWAGEN aiming to release 18 new vehicles by 2030, including two extended-range models by 2026.