Volkswagen pumps 2 billion euros into China electric vehicle bet, buys stakes in two firms

Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world's biggest auto market as international rivals seek to muscle in.

from Reuters: Business News https://ift.tt/2MaIlEo