13 Mar '18, 1pm

#VolkswagenGroup to expand #EV production to 16 sites by end of 2022; partnerships with battery manufacturers

The Volkswagen Group is expanding its production of electric vehicles to 16 locations around the globe by the end of 2022. This was announced by Matthias Müller, CEO of Volkswagen AG, at the Group’s Annual Media Conference in Berlin. The Group currently produces electric vehicles at three locations, and in two years’ time a further nine Group plants are scheduled to be equipped for this purpose. To ensure adequate battery capacity, partnerships with battery manufacturers for Europe and China have already been agreed. The contracts already awarded have a total volume of around €20 billion (US$24.7 billion). A supplier decision for North America will be taken shortly. When “Roadmap E” was launched last fall, Volkswagen announced plans to build up to three million electric vehicles annually by 2025 and market 80 new electric Group models. This year, another nine new vehicles,...

Full article: http://www.greencarcongress.com/2018/03/20180313-vw.html

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