Volkswagen plans to invest EUR180B over 5 ears on China, U.S. expansion, FT says

Volkswagen is looking to invest EUR180B over the next five years on plans to manufacture its own batteries, expand in the U.S. and increase the appeal of its cars in China, The Financial Times’ Patricia Nilsson reports. Just over two-thirds of the investment will target its transition into selling electric vehicles, as well as software strategy, according to the report. Reference Link