According to a press release sent by email, Volkswagen Group (China) and SAIC Volkswagen, FAW Volkswagen and JAC Volkswagen will invest about 15 billion euros in electric travel between 2020 and 2024. By 2025, 15 Cross Group brands will be produced locally in China, and 35% of the product portfolio will be electric vehicles. < / P > < p > as the Volkswagen Group (China) seeks to further integrate into the battery value chain, it has taken strategic action to acquire a 26% stake in battery manufacturer GuoXuan Gaoke. Spontaneous combustion at a Guangzhou Motor vehicle intersection and other traffic lights in Shenzhen