Volkswagen to Launch First 100% EV Sedan and to Invest $1B in Chinas EV Development
Teknolohiya Ilulunsad ng Volkswagen ang Unang 100% EV Sedan at mamumuhunan ng $1B sa EV Development ng China 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Prominent German automaker Volkswagen has announced plans to roll out its ID.7 EV across three continents within the next year. Volkswagen appears set to stake its claim in Chinas electric vehicle (EV) market by launching a higher-end car. The German motor vehicle manufacturer also plans to invest up to $1 billion to develop electric cars in China. This week, Volkswagen made the announcement at the Shanghai auto show, revealing its new “ID.7” EV sedan would launch in China this fall. The Wolfsburg-based automaker also announced that it would roll out the ID.7 in Europe simultaneously. However, customers in North America would have to wait until next year to obtain the first all-electric Volkswagen sedan. In addition to electric car development, the billion-dollar Volkswagen investment will help prop up emerging Chinese auto hub Hefei. Investment in the company‘s planned business center in the Chinese city underscores overall German investment in China. According to reports, German-backed investments in the country surged approximately 61% in the first quarter year-over-year (YoY). Meanwhile, China’s Ministry of Commerce said total foreign investment in the nation increased