Volkswagen invests EUR2.5 billion in China to boost innovation, jointly-built EVs with Xpeng

Peng Chen, DIGITIMES Asia, Taipei 0

Volkswagen accelerates EV development in China. Credit: Volkswagen

Volkswagen committed to a new investment in China. The carmaker said on April 11 that it will invest EUR2.5 billion (US$2.67 billion) in its Hefei site to facilitate innovation and the production of two EVs it is developing with Xpeng.

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