The world’s largest automaker is putting big money into electric vehicles in China.
Volkswagen (VLKAF) and its local partners plan to invest more than 10 billion ($11.8 billion) to build electric and hybrid cars in the country — the world’s biggest auto market — over the next seven to eight years.
More electric vehicles are sold in China than anywhere else on the planet — and the national government is pushing companies to design and build them on Chinese territory.
Under the plan announced Thursday, VW and its partners are aiming....More>>>