Volkswagen unveils its ID concept electric sport utility vehicle during the Auto Shanghai 2019 show in Shanghai in April of last year. Photo: APVolkswagen unveils its ID concept electric sport utility vehicle during the Auto Shanghai 2019 show in Shanghai in April of last year. Photo: AP
Volkswagen unveils its ID concept electric sport utility vehicle during the Auto Shanghai 2019 show in Shanghai in April of last year. Photo: AP

Volkswagen expands in China with US$2.2 billion investment in electric vehicle sector

  • The German car giant will take a 50 per cent stake in state-owned Anhui Jianghuai Automobile Group Holdings
  • It will also buy a 26 per cent share of Chinese battery supplier Gotion High-Tech
Topic |   Volkswagen
Volkswagen unveils its ID concept electric sport utility vehicle during the Auto Shanghai 2019 show in Shanghai in April of last year. Photo: APVolkswagen unveils its ID concept electric sport utility vehicle during the Auto Shanghai 2019 show in Shanghai in April of last year. Photo: AP
Volkswagen unveils its ID concept electric sport utility vehicle during the Auto Shanghai 2019 show in Shanghai in April of last year. Photo: AP
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