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12 Apr
14:48

Volkswagen to pump another €2.5 billion at its Hefei base

Volkswagen announced Friday it will invest another €2.5 billion ($2.7 billion) in China to further expand its production and innovation centre located in Hefei, Anhui Province, Kallanish reports. This additional investment will also be used to accelerate progress of its upcoming smart electric vehicle models under joint development with Chinese automaker Xpeng. The first of the two cooperation models, a mid-size SUV vehicle, will be put into production in 20…
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