VW Group invests €1 billion in Chinese R&D Center for EVs
VW invests € 1 billion in a Chinese R&D center to accelerate development and to try to close the ‘electric’ gap with Tesla and the Chinese competitors /Volkswagen
Volkswagen will invest around one billion euros to establish a new R&D center for fully connected electric cars in Hefei, China, named ‘100%TechCo’. The Group announced the project at the Shanghai Auto Show on Tuesday and set ambitious targets for the unit charged with accelerating innovatio
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