September 23, 2021
BEIJING (Reuters) – 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 ($164 million) in the battery plant by 2025.
It is building a factory for electric vehicles under a majority-owned venture in the Hefei city.
($1 = 0.8538 euros)
(Reporting by Yilei Sun and Brenda Goh; editing by Jason Neely)
Source Link Volkswagen building new battery system factory in China’s Hefei city
