Staffs cleaning a Volkswagen 'New Phideon' car at the Beijing Auto Show in Beijing. German carmaker Volkswagen is positioning itself to take a leading role in the development of China's new-energy vehicle (NEV) industry, with plans for large-scale financial investment in the coming years. - AFP
HAIKOU, Sept 29 (Xinhua): German carmaker Volkswagen is positioning itself to take a leading role in the development of China's new-energy vehicle (NEV) industry, with plans for large-scale financial investment in the coming years.
Volkswagen, together with its Chinese joint-venture partners, will invest 15 billion euros (US$17.5 billion) in China alone by the end of 2024, fueling the country's e-mobility push, Stephan Wollenstein, CEO of Volkswagen Group China, said Monday.
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