Volkswagen eyes electric vehicles in China market
The European carmaker's venture with Anhui Jianghuai Automobile Group will begin production of electric vehicles in the first half of 2018, while sales will start in the second half
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Guangzhou
VOLKSWAGEN will invest more than 10 billion euros (S$16 billion) with its partners to make and develop a range of new-energy vehicles in China as carmakers step up investments in low-emission models in the world's biggest car market.
Volkswagen will make the investments by 2025 and introduce 40 locally produced vehicles, its China head Jochem Heizmann told reporters in Guangzhou Thursday.
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