VW Plans To Invest $2.7 Billion In Manufacturing Facility In China
Date
4/11/2024 7:19:43 PM
(MENAFN- Jordan News Agency)
Amman, April 11 (Petra)-- On Thursday, Volkswagen revealed its intentions to invest $2.7 billion, to develop its production and innovation center in China, Reuters reported.
As the automaker increases the
manufacturing of electric
vehicles in China, Ralf Brandstaetter, a member of the management board for Volkswagen Group, said that the Hefei
plant in China will assist bring
technology to
market about 30 percent faster.
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