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VW Teams with Chinese Partners in $12 Billion Electric-Car Push

Nov. 16, 2017, 12:41 PM

Volkswagen AG will invest more than 10 billion euros ($12 billion) with its partners to make and develop a range of new-energy vehicles in China as carmakers step up investments in low-emission models in the world’s biggest auto market.

Volkswagen will make the investments by 2025 and introduce 40 locally produced vehicles, its China head Jochem Heizmann told reporters in Guangzhou Nov. 16. The European automaker’s venture with Anhui Jianghuai Automobile Group will start production of electric vehicles in the first half of next year, while sales will start in the second half.

The German manufacturer joins Ford Motor Co. ...