Volkswagen to open new plant
By Li Fangfang | China Daily | Updated: 2013-05-15 05:30
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The Volkswagen stand at an auto show in Shanghai. The German company is planning a new production plant in Changsha, Hunan province in Central China to boost its market share in the country. Gao Erqiang / China Daily |
German automobile conglomerate Volkswagen AG will invest 12 billion yuan ($1.95 billion) to build its first plant in Central China, in a bid to help increase its capacity to meet the rising demand from the world's largest vehicle market and respond to the similar move its major rival General Motors announced last month.
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