Volkswagen to Splurge USD2.5 Billion in China to Build First MEB Electric Car Plant

148 views · Published 23 October 2018 · 0:54 · Indexed 8 November 2026

Channel: Yicai 第一财经 · 2018 · Science & Technology

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SAIC Volkswagen Automotive, a Chinese joint venture half-owned by the world’s biggest carmaker, plans to invest CNY17 billion (USD2.5 billion) to build VW’s first factory made specifically to produce electric cars using its new modular chassis, the Modularer Elektrobaukasten.

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