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<blockquote data-quote="Weather Man" data-source="post: 16496673" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>Volkswagen and local Chinese JVs to invest in EVs</strong></span></p><p>Sep. 28, 2020 10:11 AM ET|About: <a href="https://seekingalpha.com/symbol/VLKAF" target="_blank">Volkswagen AG (VLKAF)</a>|By: <a href="https://seekingalpha.com/user/51750376/profile" target="_blank">Khyathi Dalal</a>, SA News Editor </p><p></p><p></p><p>Between 2020 and 2024, Volkswagen AG (<a href="https://seekingalpha.com/symbol/VLKAF" target="_blank">OTCPK:VLKAF</a> +1.0%) and three local JVs ( with FAW Group, SAIC Motor and the German automaker JAC) plan to invest ~$17.44B in electric mobility in the biggest car market China.</p><p></p><p>With the investment, they plan to build 15 different battery electric or plug-in hybrid models in China by 2025.</p><p></p><p>The EVs will be based on its MEB architecture at two Chinese factories from October and EV batteries will be sourced from CATL, Guoxuan and A123.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16496673, member: 137766"] [size=6][b]Volkswagen and local Chinese JVs to invest in EVs[/b][/size] Sep. 28, 2020 10:11 AM ET|About: [URL='https://seekingalpha.com/symbol/VLKAF']Volkswagen AG (VLKAF)[/URL]|By: [URL='https://seekingalpha.com/user/51750376/profile']Khyathi Dalal[/URL], SA News Editor Between 2020 and 2024, Volkswagen AG ([URL='https://seekingalpha.com/symbol/VLKAF']OTCPK:VLKAF[/URL] +1.0%) and three local JVs ( with FAW Group, SAIC Motor and the German automaker JAC) plan to invest ~$17.44B in electric mobility in the biggest car market China. With the investment, they plan to build 15 different battery electric or plug-in hybrid models in China by 2025. The EVs will be based on its MEB architecture at two Chinese factories from October and EV batteries will be sourced from CATL, Guoxuan and A123. [/QUOTE]
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