Sunday , May 22 2022

Volkswagen will transfer two more plants to the production of electric cars



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German manufacturer Volkswagen wants to invest in the development of electric cars, buses and a digitization of 44 billion euros in the next 5 years, Deutsche Welle writes. The final decision on the redistribution of production is made by the Supervisory Board at the end of the working week.

As stated, this is almost a third of the company's total costs in 2019-2023. At the beginning of the year, VV's capitalization fell by 13.5% to 73.03 billion euros. "We are with ours investments We are focusing on promising areas of mobility and continuously continuing our strategy, "said Herbert Dis. By 2025, Volkswagen wants to release more than 50 models of electric cars.The company plans to re-equip three factories in Emden, Zvickau and Hanover.

In addition, after 2022, the manufacturer plans to increase industrial capacity by building an additional multibanter factory in Eastern Europe.

Earlier it was said that the number of electric vehicles in European countries in the first half of the year exceeded one million and that by the beginning of winter it should reach 1.35 million.

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