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German carmaking giant Volkswagen Group said Thursday it would invest 2.5 billion euros ($2.7 billion) to expand its operations in China as it tries to prevent a sales slide in its most important market.
Volkswagen announced on Thursday plans to invest 2.5 billion euros ($2.68 billion) in China to expand its production and innovation hub in the city of Hefei in Anhui Province, reports Reuters. Preparations are also being made for the production of the two Volkswagen brand models being developed together with Chinese partner XPENG to begin in…
The country with the highest number of startups valued at over a billion dollars is the United States, with the number of unicorns at 739, while China sits...
Chinese-made electric cars will capture a quarter of the EU market in 2024, up from 19.5 percent in 2023, Europe's clean transport campaign group Transport and Environment (T&E) said in a recent study.