VW's €10 bln electric pledge to China

ReutersNewsPublished: November 16, 2017
Published: November 16, 2017

Ahead of the Guangzhou auto show, Volkswagen Group has announced it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles as it seeks to comply with upcoming stringent rules in China.

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