VW earmarks $12 billion to develop, build China EVs

November 16, 2017 05:00 AM

BEIJING -- Volkswagen Group 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.

Featured Stories

Vehicles, certain auto parts are exempt from reciprocal tariffs, White House says

VW plans import fee on window sticker as tariffs loom, halts vehicle shipments via rail from Mexico to U.S., memo says

Elon Musk will stay until he completes DOGE mission, White House says, dismissing earlier report

Amazon’s used-vehicle interest could threaten listings companies

Latest News

Trump keeps Canadian auto in tariff crosshairs, despite announcing no other duties

Vehicles, certain auto parts are exempt from reciprocal tariffs, White House says

Live updates on tariffs: Trump sets reciprocal tariffs of at least 10 percent

Daily 5 report for April 2: Can U.S. tariff response fill excess capacity at existing plants?

Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy

Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more

Automotive News Europe awards the 2024 Eurostars

Top 5 stories of the week: Northvolt woes; Alpha’s big buy; all-stars; and more

Staying current is easy with newsletters delivered straight to your inbox.