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VW to invest $7.1B in North America to add EVs, localize development and production

2021 Volkswagen ID.4 Pro SVolkswagen on Monday outlined a $7.1 billion plan to expand its electric vehicle lineup in North America.The plan targets 55% of the VW brand’s U.S. vehicle sales to be fully electric by 2030, aims for more than 25 new EV models by that time, builds up battery cell production in North America, and localizes research and development and…