Volkswagen to invest $800 million in its electric vehicle production in United States

Specifications:

Name:

Volkswagen to invest $800 million in its electric vehicle production in United States

Location:

United States

Company:

Volkswagen

Estimated Cost:

800 million

Source:

volkswagenag.com

Introduction:

Volkswagen of America marked the start of construction for its electric vehicle production facility. The Chattanooga site, where production begins in 2022, will be Volkswagen's North American assembly base for electric vehicles on the Modular Electric Drive Matrix (MEB).

Featurers:

The company also announced it intends to build a plant for the assembly of battery packs for EVs at the Chattanooga site.

Volkswagen began long-range EV production of ID.3 earlier this month in Zwickau, Germany, and will then roll out assembly worldwide, including in Anting and Foshan, in China, in 2020. By 2022, MEB vehicles are to be produced at eight locations on three continents. The Chattanooga site will be VW's North-American hub for EV manufacturing.

Volkswagen’s investment of about $800 million in the Chattanooga facility will require the addition of about 1,000 jobs. Production is set to begin in Chattanooga in 2022. First model will be a SUV of ID. family.

The expansion of the plant includes a 564,000-square-foot addition to the body shop.

The company also announced it intends to build a plant for the assembly of battery packs for EVs at the Chattanooga site.