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Volkswagen Group China to invest heavily in e-mobility

Volkswagen Group China, together with its Chinese partners, plans to invest over €4 billion ($4.4 billion) next year, with around 40% of this investment going towards e-mobility.

This will accelerate the Group’s electrification strategy, which will be strengthened next year through the start of production of models based on the modular electric drive toolkit MEB in Anting (SAIC VOLKSWAGEN) and Foshan (FAW-Volkswagen). Both factories are specifically designed for manufacturing all-electric cars.

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