Volkswagen raises China electric vehicle bet by two billion euros, buys stakes in two separate firms

BEIJING (Reuters) - Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros (1.89 billion pounds) in two separate Chinese electric vehicle players, upping its bet on the world's biggest auto market as international rivals seek to muscle in.VW said it will invest 1 billion euros to take a 50% stake in the state-owned parent of Anhui Jianghuai Automobile Group (JAC Motors) , also raising its stake in an existing electric vehicle joint venture with JAC to 75% from 50%.The joint..