On the evening of May 30th, Volkswagen Group (China) signed an agreement with the Hefei Economic and Technological Development Zone, announcing the settlement of the Volkswagen (China) Technology Co., Ltd. (hereinafter referred to as the “Technology Company”) project with a total investment of nearly 1 billion euros.
It is understood that this project integrates vehicle research and development, component research and development, and procurement functions, and will become the largest technology and innovation center of Volkswagen Group in China. It is expected to be officially put into operation in the first quarter of 2024, with nearly 3000 employees.
The newly signed technology company will be committed to achieving collaborative development in research and development, procurement, manufacturing, testing, sales, and core component support, establishing a sustainable and robust new energy vehicle ecosystem, and helping Anhui build a globally influential “smart car province”.
In recent years, Volkswagen has successively invested and settled in projects such as vehicle manufacturing base, supporting core components, sales and digital service headquarters, software research and development branch, and smart logistics in Hefei Economic Development Zone, creating a new energy vehicle base for Volkswagen Group in China.
Not long ago, on May 28, Volkswagen Group announced at a series of activities of “Investing in Anhui” that Volkswagen Anhui would continue to invest in Hefei, with a total planned investment of 23.1 billion yuan, of which the total fixed assets investment in the production base (Phase I) and the R&D center was 14.1 billion yuan, and the total investment in research and development before the model listing was about 9.05 billion yuan.