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Volkswagen Group investing $700M in XPENG for 5% stake, VW EV development; Audi jointly developing EVs with SAIC

Green Car Congress

The Volkswagen Group is strengthening its position on the Chinese automotive market with cooperations between the VW brand and XPENG and between Audi and SAIC. The initial stage of the cooperation will provide for the joint development of two VW-brand electric models for the mid-size segment in the Chinese market.

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Audi targeting sales of 800,000 BEVs and PHEVs in 2025

Green Car Congress

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At today’s Annual General Meeting of Audi AG, the Board of Management is presenting the updated “Audi.Vorsprung.2025.” —Rupert Stadler, Chairman of the Board of Management of Audi AG. Audi e-tron prototype shown in Geneva.

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BMW imported 8,000 vehicles into US with parts from banned Chinese supplier says Senate report – ET Auto

Baua Electric

.” German automaker BMW imported at least 8,000 Mini Cooper vehicles into the United States with electronic components from a banned Chinese supplier, a U.S. That Chinese company was added to the UFLPA Entity List in December, which means its products are presumed to be made with forced labor.

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Audi e-tron first ride, Nio financing, fuel-economy standards, and back to school: Today's Car News

Green Car Reports

We get our first chance to ride in Audi's new electric e-tron SUV. Chinese electric carmaker NIO plans to start its expansion in the U.S. by raising money. We look at why fuel-economy standards don't need be loosened to keep cars safer, and we ask followers for their back-to-school thoughts in our latest Twitter poll.

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Volkswagen building new plant in south-central China with 300K unit annual capacity

Green Car Congress

The new plant in Changsha, being built in cooperation with the Chinese joint venture Shanghai-Volkswagen (SVW), is scheduled for completion end of 2015 and will manufacture approximately 300,000 vehicles per year. billion) investment program being realized by the two Chinese joint ventures in the period to 2015. billion (US$12.5-billion)

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Volkswagen Adding 1.6B to Investment for China; 6B Total

Green Car Congress

In view of the dynamic development of the Chinese automobile market, Volkswagen has added €1.6 Growth in the Chinese automobile market has exceeded everyone's expectations”. In 2010, the Volkswagen Group will be launching a total of seven new or updated models produced locally on the Chinese market. billion (US$2.1

China 186
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Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

Green Car Congress

The investments are to be financed from the cash flow of the Chinese joint venture companies. This year, Volkswagen has already launched three new models on the Chinese market: the Volkswagen Golf, the Volkswagen Passat New Lingyu and the Škoda Superb. Between 2009 and 2011, the Group is to invest a total of €4 billion (US$5.8

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