Volkswagen will invest 4 billion euros in China

German automaker Volkswagen intends to invest 4 billion euros in the next three years on the development of production in China to cope with the growing demand in the Chinese market.

In particular, the German company plans to increase production at factories in the city of Nanchang (Jiangxi Province) and Chengdu (Sichuan Province), which also planned to produce new models of cars, transmits Associated Press.

Volkswagen Group is one of the world's largest automakers. The company produces vehicles under the brands Volkswagen, Audi, Seat, Skoda.

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