VOLKSWAGEN INVESTS 8.8 BILLION FOR EV PRODUCTION
Volkswagen announced last week an $8.8 billion investment in electric vehicle (EV) production in North America. The money will be used to convert its assembly plants in Chattanooga, Tennessee, and Puebla, Mexico, as well as its components plant in Silao. The German carmaker also plans to build a battery plant in the U.S., but no location has been revealed yet. By the end of the decade, Volkswagen wants to reach 55% of EV sales in addition to offering 25 new models. Currently, 90% of vehicles for the North American market are manufactured on the continent. The Atlas and Atlas Cross Sport SUVs roll off the assembly lines in Chattanooga, while in Puebla, Volkswagen produces the Tiguan, Taos and Jetta.
PHOTO CREDIT : Volkswagen