Volkswagen's CEO has spoken to the carmaker's Chinese joint venture partners about their interest in investing in Europe but was not aware of any concrete decisions on their part, a VW spokesperson said on Tuesday.

Volkswagen has confirmed the start of discussions with its Chinese partners regarding potential investment in its German plants. VW Group CEO Oliver Blume told a conference in Berlin today that these were “conversations without any concrete decisions”, while signaling he welcomes foreign investment in Europe.

Volkswagen and its Chinese partners have discussed the possibility of them investing in plants in Germany, VW Chief Executive Oliver Blume told Reuters at a conference on Tuesday, after Reuters reported that Chinese investors were interested in buying up German factories.

Volkswagen ( OTCPK:VLKAF) ( OTCPK:VWAGY) has discussed with Chinese partners such as SAIC, FAW Group, JAC Motors, and XPeng ( NYSE: XPEV) the possibility of the companies investing in plants in Germany, according to Chief Executive Oliver Blume.