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Volkswagen: Manufacturing in China Can Be Profitable
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Volkswagen announced that it can now develop, test and manufacture cars locally in China at its technology center in Hefei. The German has already launched the new AUDI A5 model in China, and will soon launch the new VW Era, VW Evo and VW Aura in China’s NEV market. As they recall in Citigroup, China’s new models have been fully developed in China in less than 30 months, and at a 40%-50% lower cost than existing models. VW is now considering the…
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