Volkswagen potential in China

11.23.2011

Volkswagen AG has released plans to manufacture electric vehicles in China within two years. Lithium investors will note that in the past, Volkswagen has previously collaborated in joint venture lithium battery technology developments with BYD, Sanyo and Toshiba. Volkswagen will spend $19 billion over the next four years in order to expand its brand presence in China, as part of a marketing objective to gain traction in emerging countries.