VW commits $7.1B to N. America, plans 25 EVs for U.S. by 2030

Volkswagen Group of America plans to spend at least $7.1 billion in North America through 2027 to build up its local EV production capacity — including construction of a battery plant as well as overhauls of its assembly plants in Puebla and Silao, Mexico — and bolster interim ICE-powered production as part of a push to regionalize its EV and ICE product decisions for the North American market.