Volkswagen (VWAGY) To Develop EV Platform Exclusively For China

Volkswagen VWAGY has announced plans to develop an all-new platform for its entry-level electric vehicle (“EV”) in China and source parts from local suppliers to reduce costs. The platform will help automakers regain lost ground in the world’s leading automotive market. According to Volkswagen Chairman and CEO Ralf Brandstetter… Source: finance.yahoo.com