Current location:opinions >>
Volkswagen invests 2.5B euros to expand innovation hub in China
opinions188People have gathered around
IntroductionThis aerial photo taken on Aug. 20, 2023 shows a view of Volkswagen (Anhui) Automotive Company Limit ...
This aerial photo taken on Aug. 20, 2023 shows a view of Volkswagen (Anhui) Automotive Company Limited in Hefei, east China's Anhui Province. [Photo/Xinhua]
Volkswagen Group China on Thursday announced that it will invest 2.5 billion euros (about 2.68 billion U.S. dollars) in the expansion of its innovation hub in Hefei, the capital of east China's Anhui Province, to increase its pace of innovation in China.
The investment will also be used to accelerate the production of two Volkswagen-brand smart electric vehicles, which are currently under joint development with Chinese manufacturer XPENG.
"This additional investment in the site underlines our ambition to quickly expand our local innovative strength," Chairman and CEO of Volkswagen Group China Ralf Brandstätter said, adding that the hub in Hefei will bring technologies to market approximately 30 percent faster in the future.
By 2030, Volkswagen will offer over 30 all-electric vehicle models in the Chinese market, with production of its first model developed in cooperation with XPENG scheduled to begin in 2026.
Volkswagen (China) Technology Co., Ltd., located in Hefei, is the company's implementation hub for its production localization strategy. It will work closely with Volkswagen's joint ventures in China and undertake core development tasks.
With an investment of 1 billion euros, the hub is Volkswagen's largest research and development center outside of Germany.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Compass news portal”。http://mauritius.downmusic.org/news-70c599835.html
Related articles
On the field at least, the Nationals and Orioles have had a pretty friendly rivalry
opinionsWASHINGTON (AP) — Dave Martinez was asked about the rivalry between the Nationals and Orioles — spec ...
【opinions】
Read moreChinese dissident artist Ai Weiwei protests possible extradition of Julian Assange in London
opinionsYour web browser is no longer supported. To improve your experience update it here ...
【opinions】
Read moreMumps alert for travellers from India and Singapore
opinionsFile photo. Photo: 123RF ...
【opinions】
Read more
Popular articles
- RICHARD LITTLEJOHN: Welcome to Balti Towers, Basil Fawlty's new asylum hotel...
- Mysterious 'Big Ring' found in space 'must surely be telling us something'
- Colonial statues vandalised ahead of contentious Australia Day holiday
- Hundreds of firefighters battle Western Australia wildfire
- USA Badminton leader's 5
- Better funding could prevent more drownings
Latest articles
Judge delays murder trial for Indiana man charged in 2017 slayings of 2 teenage girls
China's population drops for 2nd year, with record low birth rate
ancient chinese scroll sells for fifty seven million dollars
Crusaders rediscover winning form with 11
Victim of road
Blizzard strikes North America, cancelling flights and disrupting presidential campaign
LINKS
- Chris Hemsworth is 'handpicked' by Vogue editor Anna Wintour to co
- Hugh Jackman shares heartwarming family birth
- Vietnam celebrates 70 years since Dien Bien Phu battle that ended French colonial rule
- College protests: Pro
- I tried Hollywood's hottest fitness class loved by Jennifer Aniston and Michelle Obama
- Women SLAM the skyrocketing price of professional lash extensions
- Yu Darvish pitches 5 scoreless innings as the Padres beat the Cubs 6
- Togo's presidents signs a law expected to extend his decades
- Tornado causes extensive damage to small Oklahoma town as powerful storms hit central US
- Nimmo, Manaea and Díaz lead the Mets to a 4