Former VP of SAIC, a VW partner, arrested for taking bribes

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A former vice president of China’s biggest car manufacturer, Chen Demei, has been arrested for suspected bribery and illicit gains for family and friends, according to a post published by China’s Supreme People’s Procuratorate. Chen, who served as a vice president from 2012 to 2023 at SAIC, a long-time manufacturing partner of Volkswagen in China, is the latest high-ranking official at Chinese automakers to be investigated as Beijing continues its anti-corruption efforts in state-owned businesses to increase their economic contribution. In April, An Jin, the former chairman of Jianghuai Automobile Group, previously a partner of Chinese electric vehicle maker NIO, was also announced to have been placed under investigation for “serious violations of discipline and laws.” [The Supreme People’s Procuratorate, in Chinese]Related