Volkswagen can now build EVs in China, claiming it can cut costs by up to 50%
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Volkswagen has announced a strategic shift by fully developing and manufacturing electric vehicles (EVs) in China, marking the first time it will develop new vehicles outside Germany. This move is part of Volkswagen's "In China for China" strategy, aiming to cut development costs by up to 50% and reduce development time by 30% by utilizing local technology and suppliers. The new facility in Hefei, China, will enhance efficiency and speed in vehicle development, according to CEO Oliver Blume.
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