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SAIC Motor and Volkswagen plans CNY 140 billion investment in new energy and intelligent connectivity fields in coming 5 years

On June 11, SAIC Motor Corporation Limited (SAIC Motor) held the 2019 shareholders’ meeting.
SAIC Motor announced at the meeting that the first battery electric vehicle produced by SAIC Volkswagen’s MEB (modular electric drive matrix) plant will be available for sale in the fourth quarter of 2020. In the coming five....

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