Volkswagen will set up 6 super factories in Europe to produce batteries, and invest 52 billion euros in the development of electric vehicles within five years

Volkswagen issued a statement on December 13 that Volkswagen plans to build six super factories in Europe to meet the group’s growing demand for battery packs. The factory in Salzgitter, Germany is currently scheduled to start production in 2025, and Volkswagen will invest about 2 billion euros in the factory from 2025 for mass production of its own battery packs. In addition, the statement also stated that Volkswagen plans to build more Gigafactories in Spain and Eastern Europe. The exact location of the remaining two Gigafactories will be determined in the first half of 2022. Volkswagen plans to open two more battery pack factories in Europe by 2030.