Volkswagen has pledged to invest $18 billion dollars in China in one of its strongest commitments yet to electric and self-driving vehicles in the region.

Announced at a Beijing press conference before Auto China by new Volkswagen CEO Herbert Diess, the funds will be pooled from Volkswagen and local Chinese joint venture partners. No word on how these investments will be split nor specific initiatives it would contribute towards.

“Chinese market is the key to our success, the Chinese government is very committed to new mobility, that’s one of the reasons why we invest,” said Deiss.

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Other efforts in China include a joint venture with Anhui Jianghuai Automobiles to launch a 186-mile range electric SUV and expanding auto production in six factories to sell roughly 1.5 million electrified vehicles in the world’s fastest growing EV market by 2025.

In Nov. 2017, Volkswagen also revealed a $41 billion plan over the next five years towards electric robo-taxis, plug-in hybrids, and ride-hailing services, promising to electrify all 300 models in its lineup and cut costs to roughly 6 percent of sales over the next two years.

In turn, China has also promised to lift trade restrictions over the next four years, allowing foreign automakers to assume eventual full ownership in local plants instead of needing to create local joint ventures a far cry from the 50 percent ownership rule imposed.