E-mail lunthesis@163.com Phone 0551-65179860-203

Volkswagen: Invests an additional 2.5 billion euros to expand Hefei center

Pub Date:2024-04-12 17:03 Source:english.anhuinews.com

On April 11th, Volkswagen Group (China) announced that it will invest 2.5 billion euros to accelerate the transformation of its business in China. The group will further expand its production and innovation center in Hefei, while strengthening its local research and development capabilities. Volkswagen will also collaborate with XPeng Motors to produce two Volkswagen-branded vehicle models in Hefei. The first model will be a mid-size SUV, with plans for production to commence in 2026.

Volkswagen China Technology Company, a wholly-owned subsidiary of Volkswagen Group located in Hefei, will play a central role in implementing localization strategies. It will closely cooperate with Volkswagen's joint ventures in China and undertake core development tasks. The company is currently developing the group's first electric vehicle architecture designed specifically for the Chinese market, known as CMP. Starting from 2026, the group plans to develop at least four electric vehicle models targeting the compact entry-level market based on this platform.

Since 2017, Volkswagen Group has been implementing its electrification strategy in the Chinese market. In the same year, the group established its first joint venture dedicated to electric vehicles in Anhui Province, in partnership with JAC Motors. Volkswagen's presence in Hefei includes production, research, development, and procurement, and it is expanding to become a strategic innovation center that adheres to the "In China, for China" strategy.

Source: anhuinews.com

Editor:Zheng Chen

Related News
- Come to Tiechong Township's Azalea Ridge and Enjoy 'The F...    2024-04-12 16:44
- The Sounds of Xinjiang -- Busy bees    2024-04-12 11:04
- Visitors to benefit from payments revamp    2024-04-12 11:04
- Hypotheses about economic decay simply fake news    2024-04-12 11:04
photo  >>
Wuhu, Anhui: 100,000 mu of canola flowers blossoming
Guest countries of honor attract visitors at 6th CIIE
Video  >>
A Global Compliment: Hefei Highlights from Foreign Residents
2024 RCEP Local Governments and Friendship Cities Cooperation (Huangshan) Forum held in Huangshan 2024 RCEP 地方政府暨友城合作(黄山)论坛开幕式暨主旨报告在黄山市举行
People  >>
Hebei rolls out red carpet for talent
Transnational couple revives ancient dwelling in east China
Travel  >>
Huangshan listed among China's Top 10 scenic cities
China expects travel spree during May Day holiday
Contact Us
Copyright ©2000-2021 anhuinews.com All rights reserved. Reproduction in whole or in part without permission is prohibited. 皖B2-20080023-7