Volkswagen may set up battery manufacturing plant in China

Volkswagen AG may set up its ambitious battery plant in China. The carmaker is reportedly considering China owing to the country’s strong emphasis on electric vehicles. What works in China’s favour is that Volkswagen has two joint ventures in that country. So Volkswagen will have to fund only half of the required investment while the rest will be given by either Shanghai Automotive and/or FAW. However, it is unclear whether Volkswagen AG is considering to set up one or more battery manufacturing plants.

The Chinese government is…