Volkswagen building new battery system factory in China's Hefei city

Volkswagen building new battery system factory in China's Hefei city

23/9/2021 10:59:00 AM

Volkswagen building new battery system factory in China's Hefei city

BEIJING : Volkswagen AG said on Thursday it is building a new battery system factory in eastern China's Hefei city which will start production in 2023.The German automaker said it would invest more than 140 million euros (US$164 million) in the battery plant by 2025. It is building a factory for el

BEIJING : Volkswagen AG said on Thursday it is building a new battery system factory in eastern China's Hefei city which will start production in 2023.The German automaker said it would invest more than 140 million euros (US$164 million) in the battery plant by 2025.

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It is building a factory for electric vehicles under a majority-owned venture in the Hefei city.(US$1=0.8538 euros)(Reporting by Yilei Sun and Brenda Goh; editing by Jason Neely) Read more: CNA »

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