Automakers

VW increases EV investment plan in Spain

VW Diess
Diess said VW will boost Spain's EV production with a new battery gigafactory and the production of electric cars in two plants. (LARS LANDMANN)
R
By:
Reuters
May 05, 2022 12:52 PM

SAGUNTO, Spain -- Volkswagen Group will invest 10 billion euros ($10.6 billion) to make electric vehicles and batteries in Spain, CEO Herbert Diess said, about 3 billion euros more than it had previously committed.

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