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With the investment by Volkswagen and its three joint ventures with FAW Group [SASACJ.UL], SAIC Motor (SS:600104) and JAC (SS:600418), the German automaker will build 15 different battery electric or plug-in hybrid models in China by 2025.
The Wolfsburg-based auto maker will start making electric vehicles based on its MEB architecture at two Chinese factories from October. It will source EV batteries from CATL (SZ:300750), Guoxuan (SZ:002074) and A123.
