Volkswagen will invest EUR2 billion (USD2.2 billion) to strengthen its electrification strategy in China, according to CEO Herbert Diess. JAC Volkswagen is the German automaker’s joint venture for e-mobility in China. Volkswagen will invest around EUR1 billion (USD1.1 billion) to acquire 50% of JAG, the parent company of Volkswagen’s partner JAC, and increase its stake […]
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