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VW ready to spend $25B on at least 6 EVs in China by 2018

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Standing next to the lovely GTE plug-in hybrid during the Beijing Motor Show, VW CEO Martin Winterkorn announced a renewed, $25-billion focus for the German automaker on electric mobility in China. EVs + China is not a new equation for VW (see here and here and here), but the time is now for the plan to come together, apparently. As Winterkorn said in a statement (available below), "We are launching the biggest initiative for e-mobility in China's automotive history."

Continue reading VW ready to spend $25B on at least 6 EVs in China by 2018

VW ready to spend $25B on at least 6 EVs in China by 2018 originally appeared on Autoblog on Tue, 22 Apr 2014 12:41:00 EST. Please see our terms for use of feeds.

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