Salem Radio Network News Tuesday, March 21, 2023


Volkswagen: we are covered by our three gigafactories in Europe until 2028

WOLFSBURG (Reuters) – Volkswagen’s battery needs are covered until 2028 by its three confirmed factories in Europe – the Salzgitter plant in Germany, Northvolt’s plant in Sweden and a planned plant in Valencia, board member Thomas Schmall said on Monday.

“With these three plants we are covered until 2028,” Schmall said at a press event at the Salzgitter plant, inaugurated last July.

The Valencia plant, confirmed last year, is due to begin production in 2026. Volkswagen said last week it was waiting to hear what Europe’s response to the U.S. Inflation Reduction Act will be before progressing with plans to build further battery plants in the region.

(Reporting by Victoria Waldersee; Editing by Miranda Murray)


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