The new plants are to be set up in the eastern Chinese cities of Tianjin and Qingdao.
The automaker also plans to expand production capacity at its plant in Chengdu in western China to 600,000 vehicles per year, Reuters said.
Urus drawn from concept shown in Beijing in 2012. CEO Stephano Domenicali showed the Centenario roadster on Saturday in Pebble Beach, California.
Mining stocks pull down London's benchmark index.
Volkswagen will hold settlement talks with several states over the diesel emissions scandal, beginning no later than November 1.