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Volkswagen goes full throttle on EVs

Volkswagen, the world’s largest car maker by revenue, has put its foot firmly on the accelerator as it ramps up investment in electric vehicles. The ambitious plans will see not only a massive increase in in-house battery capacity but potentially a move upstream into mining.

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Volkswagen Group on March 16 announced plans to spend €180 billion until 2027 in order to improve its electric vehicle offering and expand in markets such as North America and China.