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Volkswagen will invest one billion euros in the construction of a battery factory

Volkswagen вложит миллиард евро в строительство аккумуляторного заводаThe decision to build battery plant, adopted by the Supervisory Board.

Volkswagen invests a little less than one billion euros in construction of a plant for the production of battery cells. The plant will be located in Salzgitter, lower Saxony. In addition, the company began negotiations with partners on the construction of Europe’s new multi-brand production site.

The decision to build battery plant, adopted by the Supervisory Board and Board of management of Volkswagen AG, will become part of a strategy for the electrification of the line Volkswagen Group. The company will provide the necessary growth and become a company independent from external suppliers. These measures, says the appeal of management of Volkswagen, “will contribute to fundamental business transformation and ensure the future of the entire group”.

Apart from the question of the expansion of production, Volkswagen will start thinking about the sale or reorganization of the business units. The company is considering options for the establishment of joint ventures or partnerships for the manufacturer of marine diesel engines MAN Energy Solutions and producing automotive transmissions Renk.

On the eve of 29 European countries dealers of Volkswagen started to accept orders for the electric hatchback ID.3. The most important model for Volkswagen believes markets Norway, Germany, the Netherlands, France, UK and Austria. The company plans to sell at least 100 thousand cars.

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