Volkswagen investing €3.5B in German plants for e-mobility and digitalization; MEB production, pilot plant for batteries and modules
Green Car Congress
NOVEMBER 18, 2016
Volkswagen will invest €3.5-billion (US$3.7-billion) investment in the future-oriented areas of e-mobility and digitalization for its German plants. As part of an agreement with its General Works Council (i.e., labor), the Board of Management announced that the Volkswagen brand’s German plants will develop and produce electric vehicles and components based on the Modular Electric Drive Kit (MEB). ( Earlier post.).
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