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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Volkswagen AG | TG:VOW3 | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.30 | 1.13% | 116.25 | 115.95 | 116.55 | 117.20 | 114.90 | 115.25 | 96,033 | 22:50:02 |
From May 2019 to May 2024
By Pietro Lombardi
Volkswagen AG's China division and its local joint ventures plan to invest roughly 15 billion euros ($17.45 billion) in the country for e-mobility.
The German car maker said Monday that the investments will take place through 2024 and come on top of the EUR33 billion it will invest globally in the same period for e-mobility.
The company wants to locally produce 15 models of various of its brands by 2025, when it targets 35% of its portfolio of products in the country to be made of fully-electric models.
The joint ventures taking part in the planned investments are SAIC Volkswagen, FAW-Volkswagen and JAC Volkswagen.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10
(END) Dow Jones Newswires
September 28, 2020 05:01 ET (09:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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