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25 04 2018 01

On the eve of the 2018 Beijing International Automotive Exhibition, Volkswagen Group announced that it its joint-venture partners will invest around €15 billion ($18.3 billion) through 2022 in China on e-mobility, autonomous driving, digitalization and new mobility services.

Volkswagen sold almost 3.2 million vehicles in China in 2017—the most successful make in the country. The success continues this year, with more than 750,000 vehicles delivered in the first quarter leading to further growth of 8.6% year-on-year.

Volkswagen is due to introduce ten fully electric models by 2023 in this major market alone, with plans in place to produce and sell a total of around 650,000 fully electric cars in China in 2025.

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