VW’s China joint venture transforms Shanghai plant for EV production

[1/2] A worker at the Volkswagen assembly line in Wolfsburg, Germany, April 27, 2020. Swen Pfoertner/Pool via REUTERS/File PhotoSHANGHAI, June 6 (Reuters) – Volkswagen ‘s Chinese joint venture with SAIC Motor (600104.SS) has transformed one of its plants in Shanghai for production, research and development of electric vehicles (EV), the German automaker said on Tuesday.Production of internal combustion engine models at the main plant of SAIC Volkswagen in Anting of Shanghai will be relocated to other plants, Volkswagen said in an emailed statement to Reuters, which came after comments on social media saying Volkswagen was shutting a plant in Shanghai.The …
Read more…….