Current location:health >>
Volkswagen invests 2.5B euros to expand innovation hub in China
health22People 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.“Stellar Stories news portal”。http://mauritania.downmusic.org/html-70c599835.html
Related articles
Six killed in a 'foiled coup' in Congo, the army says
healthKINSHASA, Congo (AP) — Six people were killed and dozens arrested following attacks on the residence ...
【health】
Read moreAtlanta Hawks win NBA draft lottery
healthCHICAGO (AP) — The Atlanta Hawks came in facing slim odds. They walked away with their biggest victo ...
【health】
Read moreBruins captain Marchand scratched from Game 4 of Eastern Conference semifinals against Panthers
healthBOSTON (AP) — Brad Marchand, the Boston Bruins captain and the team’s leading scorer in the playoffs ...
【health】
Read more
Popular articles
- Shohei Ohtani's first walk
- Haliburton, Pacers take advantage of short
- Bleday homers, Estes earns first win as A's beat Mariners 8
- Meghan Markle's subtle tribute to Princess Diana: Duchess channels her late mother
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- Becoming a parent massively changes your friendships
Latest articles
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
Mariners use homers from Julio Rodríguez and Mitch Garver to top A's 8
Blach's solid outing, Tovar's homer lift Rockies past Rangers 3
Australia: Plane lands without landing gear after burning off fuel
Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
Eurovision fans left 'frantically Googling' co
LINKS
- Chinese companies shine at MWC
- At Asia events, C919, ARJ21 go global
- US users oppose possible ban on TikTok
- Children learned scientific knowledge with National Science Popularization Day approaching
- China's space telescopes precisely measure brightest gamma
- Apple reportedly cancels EV project, to focus more on AI
- Images: 2023 World Internet of Things Exposition
- IT helps legislators perform tasks better
- U.S. ports remain confident in China
- Economy improving, with SOEs poised to lead