That is part of Volkswagen's bigger global electric mobility campaign, which involves launching 50 electric cars and 30 plug-in hybrids worldwide by 2025.
Tencent, which owned a 20 percent stake in Meituan-Dianping before listing, has agreed to invest 0 million.
Tencent has also invested billions of dollars in video content in the belief it will generate online advertising revenue as it looks to come up with new digital offerings through WeChat and QQ platforms.
That is the larger picture that Western news media and some politicians keep missing in their stories.
That Chinese figure is forecast to reach 107 GW by 2040, the study said, with the European Union contributing an additional 127 GW of offshore capacity by that year. By that year, the IEA estimates the offshore industry will have attracted a total of trillion of cumulative investment.
Tencent Holdings Ltd said last month it would invest 15 billion yuan in building its Yangtze River Delta artificial intelligence supercomputing center and industrial base in Shanghai's Songjiang district.
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That day saw the opening of the 19th National Congress of the Communist Party of China, and General Secretary Xi Jinping's delivery of a report at the Great Hall of the People in Beijing. The congress is the country's most important political meeting in five years.
That marks a 79 percent year-on-year jump for Xiaomi, faster than the market average growth rate of 1.7 percent.
That Chinese figure is forecast to reach 107 GW by 2040, the study said, with the European Union contributing an additional 127 GW of offshore capacity by that year. By that year, the IEA estimates the offshore industry will have attracted a total of trillion of cumulative investment.
Tesla unveiled plans to produce the Model 3 sedan and the upcoming Model Y crossover in China in about three years. It confirmed to China Daily late last year that it was in talks with the Shanghai municipal government to build a plant in the region.