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VW China to invest around CNY 19.4 billion in expanding its Hefei production, innovation hub
On April 11, VW China announced that to further meet Chinese customers’ requirements, it will invest EUR 2.5 billion (around CNY 19.4 billion) in expanding its production and innovation hub in Hefei and accelerating the production of two VW-branded intelligent electric vehicles (EVs) co-developed with XPeng.
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