VW signs LOI with FAW, ICV to collaborate on electromobility, connectivity, autonomous driving, new mobility services
German automaker aims to deliver 1.5 million NEVs to its customers in China in 2025
Volkswagen (VW) Group China has signed a letter of intent (LOI) with its long-time Chinese JV partner FAW Group and China Intelligent and Connected Vehicles (Beijing) Research Institute (ICV),to collaborate in areas such as electromobility, connectivity, mobility, services and autonomous driving, the German automaker said in a press release on 10 July.
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