(Frankfurt) German car giant Volkswagen on Friday announced an investment of two billion euros (C$2.8 billion) to build a new electric car factory near its historic headquarters in Wolfsburg, as part of its ambitious electric shift against the American leader Tesla.
Posted at 12:49 p.m.
The site, whose construction should begin in the spring of 2023 for an opening in 2026, will be devoted to the “Trinity” project, future “figurehead of Volkswagen’s electric fleet” with “more than 700 kilometers of autonomy”, according to a communicated.