Volkswagen to invest USD 800 million in the production of electric vehicles

Posted by MarketsandMarkets on Jan 17, 2019 6:31:46 PM

Recently, Volkswagen announced its plan to increase investments in electric vehicles in the US. As part of the plan, Volkswagen will invest USD 800 million in the production of electric vehicles at its plant in Chattanooga and Tennessee. Additionally, the company stated that electric vehicle production would begin in 2022 and it is looking to manufacture luxury Audi vehicles in the US. Moreover, Volkswagen has plans to add electric vehicle production facilities in Germany by the end of 2019.

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Topics: Automotive and Transportation, Volkswagen, electric vehicle market

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