VW Group invests €1 billion in Chinese R&D Center for EVs
April 19, 2023
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 innovation locally. The project is to combine vehicle and component […]