Volkswagen: Will set up 6 super factories in Europe to produce batteries
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On December 13th, Volkswagen issued a statement on December 13th that it plans to build six battery 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.
The Volkswagen Group statement also stated that Volkswagen plans to build more Gigafactories in Spain and Eastern Europe, and the exact location of the remaining two Gigafactories will be decided in the first half of 2022. Volkswagen intends to open two more battery pack factories in Europe by 2030.
It is understood that Volkswagen said that in the next five years, Volkswagen will invest about 52 billion euros in the development and production of new electric vehicles. The new car strategy will also include the development of new business areas such as batteries, charging and energy.
