Monday , July 26 2021

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

German carmaker Volkswagen wants in the next 5 years to invest in developing electric cars, self-managed cars and digitizing 44 billion euros, Deutsche Welle wrote. The final decision on production redistribution will be taken by the supervisory board at the end of the work week.

As noted, this is almost one third of the company's total costs in 2019-2023. At the beginning of the year, VW's capitalization fell 13.5% to € 73.03 billion. "We are with us by investment We focus on the promising field of mobility and consistently pursue our strategy, "said Herbert Dis, chairman of the board of directors. In 2025, Volkswagen wants to release more than 50 electric car models. The company intends to retool three factories – in Emden, Zwickau and Hannover.

In addition, after 2022, car makers plan to increase industrial capacity by building additional multi-brand factories in Eastern Europe.

Earlier it was said that the number of electric vehicles in European countries exceeded 1 million in the first half of this year, and had to reach 1.35 million at the start of the winter.

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