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VW investments show importance Chinese market
The VW-JAC joint-venture expects to sell 1,5 million partly or fully electric cars a year in China in 2025 /Volkswagen Group China
The Volkswagen Group is investing €2 billion in China. Half of the money will be used to increase VW’s share in the joint venture with the Chinese JAC Motors to 75%. With the other half, the Germans will take a 26% stake in battery supplier Gotion High-tech. The investment demonstrates the importance the group attaches
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