Sunday, May 19, 2024
NewsVolkswagen Will Build a New EV Plant in Germany

Volkswagen Will Build a New EV Plant in Germany

To go toe-to-toe with Tesla’s volumes, Volkswagen will build a new EV factory near its Wolfsburg HQ

  • The new plant will be for EVs.

  • It will cost upwards of $2.2 billion.

  • Construction is set to begin next year.

Demand is already quite strong for EVs and by all accounts, it will continue to increase in the near future. In order to meet the wants of the automobile buying public and to better compete with Tesla, Volkswagen will begin construction on a new EV plant next year.

2022 Volkswagen ID.4 | Photo: Volkswagen Canada

The new facility, which represents a $2.2 billion investment, will be constructed near its current HQ in Wolfsburg, Germany. The goal is to get new VW EVs rolling off the assembly line by 2026.

VW is “strengthening and sustaining the competitiveness of the main plant and giving the workforce a robust long-term perspective,” VW brand chief Ralf Brandstaetter said in a statement following a supervisory board meeting as reported by Yahoo Finance.

Volkswagen hopes to lower production times for one vehicle to 10 hours. This considerable drop compared to current time periods would see production increase in order to take on all other automakers including the current global EV leader Tesla.

There’s no word as to which vehicles will be assembled there for now.


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Matt St-Pierre
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


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