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  • Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market". The German car giant said it will take a 50 percent stake in JAG -- the parent company of state-owned JAC Motors -- and increase its holding in the JAC Volkswagen joint venture to 75 percent. It will also buy a 26 percent share of Chinese battery supplier Gotion High-Tech for 1.1 billion euros. tjx/rox/dan
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  • Volkswagen invests 2 bn euros in Chinese electric vehicle sector
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