Guangzhou — Volkswagen will invest more than €10bn with its partners to make and develop a range of new-energy vehicles in China, as car makers step up investments in low-emission models in the world’s biggest vehicle market. Volkswagen will make the investments by 2025 and introduce 40 locally produced vehicles, its head in China, Jochem Heizmann, told reporters in Guangzhou on Thursday. The European car maker’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 in boosting investments in electric vehicle development in China as the country will require most car makers to obtain a new-energy vehicle score linked to the production of various types of zero-and low-emission vehicles. In September Volkswagen announced sweeping plans to build electric versions of all 300 models in the group’s 12-brand lineup, vowing to spend €20bn by 2...
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