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Volkswagen to invest $3.5B in China R&D to boost electric vehicle innovation and market share.
Volkswagen plans to invest $3.5 billion in its Chinese research and development center to strengthen its position in the world’s largest auto market.
The move, equivalent to about €3 billion, aims to accelerate innovation and regain market share amid growing competition from domestic Chinese electric vehicle makers.
The investment will focus on developing next-generation electric vehicles and advanced technologies tailored to Chinese consumers.
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Volkswagen invertirá 3.500 millones de dólares en investigación y desarrollo en China para impulsar la innovación y la cuota de mercado de los vehículos eléctricos.