3 years ago
Volkswagen plans 2 bn euro electric car plant in Germany
German auto giant Volkswagen said on Friday it had approved a 2 billion euro investment in a new electric car plant, as it seeks to overhaul its business in the face of stiff competition from US rival Tesla. Construction on the new German factory next to the group's historic home in Wolfsburg will begin "as early as spring 2023" for a production start in 2026, VW said in a statement.
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