Volkswagen said to be planning over $990m investment in China software JV

Volkswagen said to be planning over $990m investment in China software JV

FILE PHOTO: The logo of carmaker Volkswagen Commercial Vehicles is pictured at the IAA Transportation fair, which will open its doors to the public on September 20, 2022, in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer

Volkswagen is planning a significant investment in a joint venture in China for software production, sources with knowledge of the matter said on Thursday.