FILE PHOTO: A charging point for a Volkswagen electric vehicle (EV) is seen during the media day of the Shanghai Motor Show in Shanghai, China on April 20, 2021. REUTERS / Aly Song
September 23, 2021
BEIJING (Reuters) – Volkswagen AG announced on Thursday that it will build a new battery systems plant in Hefei, east China, and begin production in 2023.
German automakers have announced that they will invest more than €140 million ($164 million) in battery factories by 2025.
An electric vehicle factory under a majority-owned enterprise is under construction in Hefei City.
($ 1 = 0.8538 euros)
(Reporting by Yali Sun and Brenda Goh, Edited by Jason Neely)