{"id":14542,"date":"2023-04-18T11:34:14","date_gmt":"2023-04-18T11:34:14","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/volkswagen-to-launch-1-billion\/"},"modified":"2023-04-18T11:42:43","modified_gmt":"2023-04-18T11:42:43","slug":"volkswagen-to-launch-1-billion","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/volkswagen-to-launch-1-billion\/","title":{"rendered":"Volkswagen to launch 1-billion euro electric vehicle R&D, procurement centre in China"},"content":{"rendered":"

BERLIN\/SHANGHAI (Reuters) – Volkswagen is investing around 1 billion euros ($1.10 billion) in a new development and procurement centre for electric vehicles in Hefei, China, the company said on Tuesday, in a bid to better adapt its cars to Chinese customers’ tastes.<\/p>\n

The aim of the centre, dubbed “100%TechCo”, will be to reduce development times for new products and technologies by around 30%, involving suppliers at the early stages of product development to accelerate the time to market. <\/p>\n

The unit, employing over 2,000 people, will launch in 2024, led by Volkswagen’s chief technology officer in China, Marcus Hafkemeyer.<\/p>\n

($1 = 0.9116 euros)<\/p>\n

\n

(Reporting by Victoria Waldersee, Zhang Yan; Editing by Miranda Murray)<\/p>\n

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BERLIN\/SHANGHAI (Reuters) – Volkswagen is investing around 1 billion euros ($1.10 billion) in a new development and procurement centre for electric vehicles in Hefei, China, the company said on Tuesday, in a bid to better adapt its cars to Chinese customers’ tastes. The aim of the centre, dubbed “100%TechCo”, will be to reduce development times […]<\/p>\n","protected":false},"author":8,"featured_media":14543,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-14542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3H0FC-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/14542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=14542"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/14542\/revisions"}],"predecessor-version":[{"id":14544,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/14542\/revisions\/14544"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/14543"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=14542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=14542"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=14542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}