Volkswagen Group investing ~€1B in vehicles and components, purchasing center in Hefei; shortening development time by 30%
Green Car Congress
APRIL 19, 2023
The Volkswagen Group is investing around €1 billion in a new development, innovation, and procurement center for fully connected intelligent electric vehicles in the southern Chinese city of Hefei. The new company, with the project name ‘100%TechCo’, combines vehicles and components R&D teams with purchasing.
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