Volkswagen planning new North America factory for electric vehicles
Reuters reported that Volkswagen is deciding where to locate a new factory in North America to build electric vehicles for the US market, the German automaker's new head for the Americas. Mr Scott Keogh, the newly appointed CEO of Volkswagen Group of America, said a new plant was needed to build a vehicle yet to be revealed under the Volkswagen brand, priced between USD 30,000 to USD 40,000, that is due in 2020.
Mr Scott Keoghsaid a new plant was needed to build a vehicle yet to be revea led under the Volkswagen brand, priced between $30,000-$40,000, that is due in 2020.
Mr Scott Keoghsaid a new plant was needed to build a vehicle yet to be revea led under the Volkswagen brand, priced between $30,000-$40,000, that is due in 2020. He added that "We are 100 percent deep in the process of 'We will need an electric car plant in North America,' and we're holding those conversations now.”
An electric car that could take on Silicon Valley's Tesla Inc is part of the massive investment in electric vehicles that Europe's largest carmaker plans to make.
Volkswagen announced earlier this month it would spend almost 44 billion euros (USD 50 billion) on developing electric cars, autonomous driving and new mobility services by 2023, while exploring areas of cooperation with US automaker Ford Motor Co.
Source : Reuters