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
Tech /  Big Tech

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
Agence France-Presse
Agence France-Presse

Updated: 9:15pm, 29 May, 2020

Why you can trust SCMP
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
READ FULL ARTICLE