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VW bails on its plan for a $2.1B EV plant in Germany

Summary by Ground News
Volkswagen's $2.1 billion plan to launch a dedicated electric-vehicle factory in Wolfsburg, Germany is kaput. The automaker instead reportedly plans to modify its existing plants in Zwickau and Wolfsburg to handle production of a new flagship EV.

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VW bails on its plan for a $2.1B EV plant in Germany

Volkswagen's $2.1 billion plan to launch a new EV factory is kaput. The automaker instead reportedly said it will tap existing plants.

·United States
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TechCrunch broke the news in United States on Friday, September 29, 2023.
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