​Volkswagen will enclose 1 billion euro in creation of the new center in China

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The corporation of Volkswagen invests about 1 billion euro in creation of the new center of research and development, innovations and purchases in China, declared on Tuesday in companies during the Shanghai international exhibitions the automobile industry. The new center which has received the name "100% of TechCo", will be located in Hefei, an administrative center of Province of Anhui in the east China. In companies reported that the center which will unite in itself development functions cars and spare parts, and also purchases, will increase synergetic effect in the course of research and development, and also integrates the advanced Chinese technologies into an early stage of development. .
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Ralph Brandshtetter
Last position: CEO of Volkswagen Group (VAG)
VAG
Main activity:Transport
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