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Volkswagen boosts Project Trinity budget to electrify its European production plants

Teslarati

DECEMBER 10, 2021

Volkswagen intends to have eight manufacturing facilities in Europe that are completely catered to the company’s transition to electric vehicles across its many brands, including Audi, Porsche, and the Volkswagen ID. Our exceedingly robust and solid financial base, enables us to finance the necessary investments on our own.

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FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

MARCH 9, 2021

The announcement is specifically for VW-branded vehicles and does not apply to other brands in the VW portfolio (Audi, Porsche, SEAT, Bentley, etc.). Volkswagen said it plans to spend about 16 billion euros ($19 billion) for investment in the future trends such as “e-mobility, hybridization and digitalization” by 2025.

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GM Hummer GMC Batteries 52
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