Volkswagen Receives Chinese Approval For Two More Plants – Sources
Two people close to the matter said on Sunday, German carmaker Volkswagen(VW) has received approval from China’s National Development and Reform Commission (NDRC) to add two more factories in the country. VW also plans to expand production capacity at its plant in Chengdu in western China to 600,000 vehicles per year. VW has been investing in China as it battles rivals such as U.S.-based General Motors and domestic player SAIC Motor Corp in the world’s largest auto market.
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