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The company announced earlier this month that it would invest 2.5 billion euros ($2.7 billion) to expand research and development and production in the city of Hefei, where it has teamed up with Chinese EV maker XPENG Motors to develop two midsize VW models to launch in 2026.
Volkswagen rethinking Chinese consumers in bid to overtake upstart EV makers →
Volkswagen AG announced this week its Changchun factory resumed production and the automaker was considering when its Shanghai facility would reopen.
Shanghai allows 4 million out of homes as virus rules ease →
