Volkswagen Says It Will Develop Fuel-Cell Vehicles in China

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Volkswagen AG, Europe’s biggest carmaker, said it agreed to develop fuel-cell vehicles in China, as part of global efforts to invest in low-polluting cars. Volkswagen signed an agreement with Tongji University and German engineering company IAV to produce a model fuel-cell vehicle, the German carmaker said in an e-mailed statement. Wolfsburg-based Volkswagen will provide the body and Tongji will contribute fuel cells and high-power batteries, it said. [ more ]