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Volkswagen to Build New Plant in Hunan Province
Volkswagen will invest nearly $2 billion to build a new plant in Changsha, Hunan with its partner Shanghai Auto Industry Corp. The contract was signed on May 16. The new plant is expected to open in 2015 with an initial capacity of 300,000 unites that will be expanded later. Volkswagen is opening 10 new factories around the world, and seven will be in China, according to China Car Times.
