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HERNDON, VA— Volkswagen AG plans to invest $7.1 billion over the next five years in North America to boost its EV product portfolio, regional R&D and manufacturing capabilities.
TUSCALOOSA, AL—Mercedes-Benz Group AG has opened a new battery assembly plant near its factory here, a few months ahead of when it will start producing electric vehicles.
GALESBURG, MI—Eaton Corp.’s Vehicle Group has formed a new ePowertrain business unit that will focus on transmission, reduction gearing and differential products for electric vehicle applications.