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Volkswagen Announces €15bn Investments On Electric Cars

Volkswagen

Car giant Volkswagen announced Tuesday investments of 15 billion euros ($18 billion) in electric and autonomous vehicles in China by 2022, in a massive bet on the vital market. “China is our second home,” recently-installed chief executive Herbert Diess said at a Beijing press conference, with its market set to be “the biggest” worldwide for electric cars. He added that …

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