POST Online Media Lite Edition


Volkswagen to invest $800 million, build new electric vehicle in U.S.

Staff Writer |
In future, the Chattanooga plant in Tennessee is to produce vehicles based on the modular electric toolkit MEB, a new generation of electric cars.

Article continues below

For this purpose, Volkswagen is investing about €700 million ($800 million) in the plant.

The expansion of the plant will create up to 1,000 new jobs plus additional jobs at suppliers.

The first electric car from Chattanooga is to roll off the production line in 2022.

Over the next few years, eight MEB plants are to be developed in Europe, North America and China.

Volkswagen is building up the production capacity needed to sell more than 1 million electric cars per year by 2025.

The first electric car to roll off the production line in Chattanooga will be the ID. CROZZ SUV model. Volkswagen will also offer the ID. BUZZ in North America, the reinterpretation of the legendary VW bus.

What to read next

Future of Volkswagen to be decided by Chinese market
Volkswagen to invest 1 billion euros in India
Volkswagen to invest 4 billion euros in China