Volkswagen initially investing €460M to convert Wolfsburg plant for EV production
Green Car Congress
DECEMBER 8, 2022
Volkswagen will make an initial investment of some €460 million in its Wolfsburg factory at the Group headquarters by the beginning of 2025. This investment is primarily earmarked for preparations to produce the new ID.3. The compact electric car will be leaving the assembly line in Wolfsburg from 2023—initially in partial production, with full production slated from 2024.
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