VW builds Europe's biggest electric-car plant to halt Tesla's march

Up to 330,000 electric models a year will be built in Zwickau.

By:

Christoph Rauwald

November 15, 2018 05:00 AM

Volkswagen Group will invest 1.2 billion euros ($1.4 billion) to revamp a plant in eastern Germany into Europe’s largest electric-car factory, giving chase to Tesla's move into affordable zero-emission vehicles.

Featured Stories

U.S. steel, aluminum tariffs mean higher costs for automakers and suppliers

Tariffs could upset the auto supply chain. Here’s how the industry has survived past disruptions.

Tesla brand damage? U.S. registrations sink 11% in January as EV rivals surge 44%

Next for Nissan: New CEO Ivan Espinosa starts crafting a ‘turnaround plan plus’

Latest News

Lexus brings virtual gear shifts to RZ EV, fulfilling chairman’s wish

Trump administration takes aim at Biden electric vehicle rules

Ineos recalls more than 7,000 SUVs after doors fly open

Daily 5 report for March 12: What’s next for this troubled Mexican JV championed by Carlos Ghosn and Dieter Zetsche

Staying current is easy with newsletters delivered straight to your inbox.

See More in Newsletters

Guest commentary: For Akio Toyoda’s sake, he must listen to Toyota’s dissatisfied shareholders and reform strategy

Top 5 stories of the week: Women in auto; Birchwood’s latest buy; GM improves profit; more

Automotive News Europe awards the 2024 Eurostars

Top 5 stories of the week: Northvolt woes; Alpha’s big buy; all-stars; and more

Staying current is easy with newsletters delivered straight to your inbox.